Abundant ink has been spilled on the subject of Pete Carroll’s decision to pass on 2nd down from the 1 yard line in the Super Bowl two Sundays ago. Some have come out and bombastically stated that it was the WORST CALL IN SUPER BOWL HISTORY!! Others have concluded that, in fact, Carroll was entirely justified in the decision he made.
Recently, one of my colleagues posted to our internal message boards an article suggesting that investors should be concerned about the fact that the S&P 500 has spent a record amount of days above its 200 day moving average. The article suggested that when stocks spend too much time above the moving average it can be dangerous because:
The article explores the substantially large outflow of money form high-yield bond funds in the first week of August. For clarity, in our practice we don’t pay attention to indicators like these since we’ve yet to see compelling evidence that they provide any reliable insights into future expected returns. Nonetheless, we always enjoy taking a look at interesting numbers, especially when they’re used to characterize incredible events.
Recently, Equius Partners published an interesting piece, which was picked up by The Big Picture. I’ve posted it in it’s entirety below, but for the moment, we have a few issues that I need to get off our chest.
I was recently reading a splendid article in WIRED magazine specifically addressing the the lack of computer dominance over human players in the Chinese strategy game Go. This post borrows heavily from that article, and I would …
ReSolve Asset Management Blog is an investment research forum, opinion pieces, and educational material from the team at ReSolve Asset Management. Our views are driven by evidence based finance, with a special focus on asset allocation, factors and smart beta, retirement and endowment strategies, and quantitative methods.
