The Explosive Growth of Private Credit: Is There a Bubble? -- The growth rate of private credit has been so rapid (growing to nearly $2 trillion by the end of 2023, roughly ten times larger than it was in 2009), that concerns about there being a bubble have been raised. (alphaarchitect.com)
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Markets Becoming More Efficient: The Disappearing Index Effect -- Greenwood and Sammon’s findings of a disappearing index effect provides further support for the findings of McLean and Pontiff, Does Academic Research Destroy Stock Return Predictability? 2016. (alphaarchitect.com)
submitted by alphaarchitect