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Can we find inflation hedges in the stock market? The answer is yes—at least to some extent. We find that certain industries, particularly those related to resource equities, have historically offered...

Last edit on 24-Mar-2025 Are stocks an inflation hedge? At least in the long run? We find the answer to both questions is no. While fundamental returns—comprising dividend return and earnings growth—do...

Constructing a high Sharpe ratio portfolio, paired with sensible leverage, is the key to achieving meaningful returns with tolerable risk. We will make some simplifying assumptions to build intuition,...

Historically, long-short equity factors have provided positive mean returns with low correlation to other assets. Most retail investors use long-only products, meaning they invest only in the long leg...