Topic: Markets

A black and white illustration of a wave made of 100-dollar bills Research Brief / Investing

Across 145 Years and 17 Countries, a Common Thread in Risky Credit Booms

Do investors misprice assets, revise their risk appetite or make some other misjudgment?

An illustration of a man at the end of a cliff trying to pull up a coin tied to a string Research Brief / Markets

Options Market Signals Scope of Federal Reserve Interventions

Traders see an implicit promise beyond specific asset purchases

A graphic illustration of the stock market Research Question / Markets

What Limited Attention Does to Efficient Market Theory

Stocks don’t react to news immediately because, well, we’re human

A view of a petrochemical plant at night Research Brief / Competition

Sunk Costs Work as Barrier to Exit

Firms endure losses in hopes of a turnaround

A cityscape at sunset overlaid with a grid of lighted network Research Brief / Banking

Banks Transmit Financial Shocks, Including from Natural Disasters

How a localized flood may result in fewer loans to a far-off community

An illustration that has interlocking chains to represent blockchain Research Brief / Currencies

What Happens to Pesos When Dollars Go Digital?

As major central banks adopt digital currency, emerging countries will feel mixed effects

Visual illustration of data Research Brief / Investing

A Solution to the Debate over Momentum’s Cause?

Investors may underreact when information arrives in small, continuous bits

Illustration of a tightrope walker Research Brief / Investing

The Collective Wisdom of Options Trades as Interest Rate Predictor

Skewness, measuring the range of biases, strongly suggests rate moves

Lettered wooden pieces arranged to spell the words "stock" and "bond". The two words share a single "O" piece. Research Brief / Corporate Investment

How Bond and Stock Prices Combine to Influence Corporate Investment

Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread

Graphic of investor leisurely sitting in front of an investment terminal reading a book Research Brief / Investing

As Passive Investing Spreads, Overall Market Becomes Less Competitive

Active investors take up some — but not all — of the slack created by index funds

Lehman Brothers building on September 15 Research Brief / Investing

When Financial Intermediaries Sneeze, These Assets Catch a Cold

Some investment vehicles are more reliant than others on the health of trading firms

Research Brief / Investing

Treasury Securities Are Actually Cheap Sometimes

They don’t trade at an absolute equal to intrinsic value, despite their image as the world’s investment bedrock

Research Brief / Stock Market

Often Reviled, Short Sellers Are Newly Vulnerable to the Meme Mob

A short squeeze can ripple across short sellers’ positions

Two blue cartoon characters unravel a scribble knot black thread Research Brief / Markets

Separating Auditing from Consulting: More Complex than it Seems

Market concentration, price and quality drive choice of firms

An angled photo of brick building storefronts Research Brief / Entrepreneurship

Borrowings Suggest Small Company Owners Face Higher Risk

Analysis uses business credit card loans to gauge market perception

A bubble refracts light and the image of a window Research Brief / Markets

Market Bubbles Aren’t Entirely Irrational Exuberance

A model examines the relationships between innovation, speculation and market values