This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
(1) Do Analysts Top Pick Recommendations Make Money? (5 min read) In this week’s Deep Dive, Sam van de Schootbrugge reviews a paper on Top Picks and brokerage buy recommendations. Good top picks do indeed offer significant excess returns.
( Sam van de Schootbrugge │ 4th November, 2020)
A Comparison of Monthly Global Indicators for Forecasting Growth (NBER, 20 page read)
Has the Stock Market Become Less Representative of the Economy (NBER, 35 page read)
Is There a Stable Relationship between Unemployment and Future Inflation? (Minneapolis Fed, 39 page read)
What Comes Next? (BIS, 28 page read)
Social Networks, Confirmation Bias and Shock Elections (INET, 24 page read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)