This is a summary of links featured on Quantocracy on Tuesday, 03/20/2018. To see our most recent links, visit the Quant Mashup. Read on readers!
Newfound 2018 March Madness: Sweet 16 Update [Flirting with Models]We outlined the full set of rules for the Newfound 2018 March Madness Brackets here. We have two rounds in the bag in this years March Madness bracket competition, and what a wild ride its been: 16 seed UMBC made history by beating 1 seed Virginia, edging them out by a mere 20 points The highest seed left in the South is 5 seed Kentucky paving a (possibly) easy route to the Final Four.
Stock Buybacks are Bad? What About the Alternative [Alpha Architect]Recently there has been a fairly active discussion within the financial media on the topic of stock buybacks, or share repurchases. This is probably due to the recent tax reform, which has caused many to question where companies will spend their additional profits now that firms (on average) will be spending less on federal tax payments. Non-academic articles are generally against stock buybacks,
Fed Day Performance In Rising vs Falling Rate Environments [Quantifiable Edges]The Fed holds policy meetings 8 times per year. Many times since starting Quantifiable Edges in 2008, I have discussed the (primarily bullish) edge that exists on the final day of these meetings when the Fed releases its statement and announces any new policy changes. One question I often get about Fed Days is whether it matters if we are in a rising-rate environment, or a declining-rate