Research Roundup: Serial Bond Defaulters, Explaining the EM & USD Link, and Data on Tax Loss Harvesting Benefits
Here are the best things I read this week, their main takeaways, and the most important chart from each piece:
The True Cost of Hedging S&P Downside
Hedging sounds like a smart thing to do. But has it actually worked? This post examines the historical costs and benefits of hedging stock exposure with SPY puts.
Analyzing Bond Performance in Stock Corrections
Bonds provided stellar returns in 2008. Can they be counted on in the next downturn? And which categories have historically been strongest in volatile markets?
Research Roundup: Japanese Bond Demand, U.S. Fiscal Policy Drag, Private Equity Popularity, and A-Shares Inclusion
Here are the best things I read this week, their main takeaways, and the most important chart from each piece:
Summarizing the Case for International Stocks
Imagine you took a time machine back to 2007. This is what the rear-view mirror looked like for U.S. and international stocks: International stocks substantially outperformed and U.S. investors missed out by sticking close to home. Since 2007, the roles have reversed and U.S. stocks have generated higher returns. The chart below shows U.S. and…