An overwhelming majority of headlines, even those of the geopolitical variety, have indiscernible market effects.
Yup that’s exactly it! How does it compare vs typical beta?
“Nothing ever happens”!
Lol, precisely
Median S&P 500 y/y is 9.6% since 1935. Median Gold y/y is 5.7% since 1971. Both samples have similar Sharpe ratios vs. all data. I'd say not enough proof to overturn null hypothesis of beta = 1x.
How does this compare vs typical drift?
Can you expand on this question? I'm assuming you're asking for something beyond the typical y/y S&P 500 and Gold returns?
Yup that’s exactly it! How does it compare vs typical beta?
“Nothing ever happens”!
Lol, precisely
Median S&P 500 y/y is 9.6% since 1935. Median Gold y/y is 5.7% since 1971. Both samples have similar Sharpe ratios vs. all data. I'd say not enough proof to overturn null hypothesis of beta = 1x.
How does this compare vs typical drift?
Can you expand on this question? I'm assuming you're asking for something beyond the typical y/y S&P 500 and Gold returns?