This is a summary of links featured on Quantocracy on Saturday, 10/13/2018. To see our most recent links, visit the Quant Mashup. Read on readers!
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The predictability of market-wide earnings revisions [SR SV]Forward earnings yields are a key metric for the valuation of an equity market. Helpfully, I/B/E/S and DataStream publish forward earnings forecasts of analysts on a market-wide index basis. Unfortunately, updates of these data are delayed by multiple lags. This can make them inaccurate and misleading in times of rapidly changing macroeconomic conditions. Indeed, there is strong empirical evidence