視角 | Market Insight | 前·A 股頂級基金經理 | Substack 穿越週期霧霾，尋找資產的真實坐標。由前 A 股頂級基金經理親筆，系統解構全球流動性博弈與宏觀趨勢。我們不追逐市場的雜訊，只拆解資本博弈的真實劇本。當常識失效時，這裡是你冷靜觀測全球金融裂變的關鍵窗口。. Click to read 視角 | Market Insight, by 前·A 股頂級基金經理, a Substack publication. Launched 25 days ago.

#市場分析 #宏觀策略 #對沖基金視角 #FinanceSky

更多底層硬核邏輯，請移步：https://stennis.substack.com (3/3)

M&A frequency. This graph plots the cross-sectional mean of Ln_(1 þ Count) during the Pre, During, and After periods for firms in the pilot group (solid line) and control group (dashed line), respectively. The top, middle, and bottom panels plot the results of deals classified by industry or CAR and all deals, respectively.

This study uses Regulation SHO's pilot program as a natural experiment to examine how lifting short-selling constraints influences #firms' mergers & #acquisitions (M&A).

Read: spkl.io/63327ALXIZ
Subscribe: spkl.io/63322ALXIe

#FinanceSky

Cumulative changesin institutional ownership of mispriced stocksin the USA. Thisfigure shows the cumulative changes of institutional ownership in value/glamour stocks in the USA from the fiscal-year end quarter to the end of the institutional trading window. The overpriced stocks are the low FSCORE glamour firms and the underpriced stocks are high FSCORE value firms.

This study investigates how institutional #investors respond to #stock mispricing indicated by mismatches between the book-to-market (BM) ratio & firms’ financial strength (FSCORE).

Read: spkl.io/63327AIUW3
Subscribe: spkl.io/63321AIUWR

#FinanceSky

This figure compares forecasting performance metrics (R 2 OOS, overall accuracy, and F1) for benchmark models under two regimes: U.S.-only (left bar), and global (right bar) data. Bars of the same color correspond to the same rolling training window size (5, 21, 252, and 512 trading days). Each duplet of adjacent bars illustrates the performance change attributable to expanding the training data from U.S.-only to Global. Benchmark models include linear (OLS, Lasso, Ridge, Elastic Net, and PCR), ensemble (XGBoost, CatBoost, and LightGBM), and neural network (NN-S and NN-L) models. ‘Overall Acc.’ denotes overall directional accuracy, and ‘F1’ refers to the macro-averaged F1 score. In the middle panel, the horizontal line indicates the 50% overall accuracy. ‘H’ indicates that the model is estimated using the Huber loss.

This paper presents an empirical study of time series foundation models in global #financial markets, focusing on #forecasting daily excess returns across 94 countries over more than three decades.

Read: spkl.io/63329Ax5eU
Subscribe: spkl.io/63323Ax5et

#FinanceSky

Alright #financesky, I wanna make some money off this war. Which defense contracts should I invest in?

I was looking at some year end stuff as taxes approach and our allocation beat SP by quite a few points largely because we hold 20-25% in intl developed and emerging. #FinanceSky

This image shows the logo for the Center for Financial Studies.

New from The Center for Financial Studies conducts independent, internationally focused #research in #finance, serving as a forum for dialogue among #academia, policymakers, & the financial industry.

Read & Subscribe: spkl.io/63329AtxVJ

#FinanceSky #OpenAccess

This image shows financial figures on a computer.

This study finds firms with more long-term institutional investors have stronger #stockreturns after target price revisions, especially with motivated investors & higher volatility.

Read: spkl.io/63324AtKwe
Subscribe: spkl.io/63320AtKwY

#StockMarket #FinanceSky

Dynamics of the coefficient on the interaction term between monetary shocks and deposit-to-asset ratio. The figure reports the point estimates, 90% confidence intervals (dashed lines), and one-standard-error bands (dotted lines) for the coefficient β h from ∆log Maturity Gapi,t+h = β h (li,t−1 − Ei [li,t])∆Rt + Γ h 1Xi,t−1 + α h i + α h t +ǫi,t. Covariates included in Xi,t−1 are log of total assets, deposit-to-asset ratio, wholesale funding as a share of total liabilities, ROA and the nonperforming ratio. Confidence intervals based on two-way clustered standard errors at bank and time levels.

This paper develops a quantitative model of heterogeneous #banks to study how #interestrate risk transmits through the financial sector.

Read: spkl.io/63327Aseic
Subscribe: spkl.io/63321AseiW

#EconSky #FinanceSky

Graph showing how the official Trump meme coin has crashed in value since it was launched.

Can anyone explain how MAGA can keep getting duped by Donald then go back for more?

Here's how Trump's meme coin is doing.

The one they used to launder Russian & Saudi payoffs.

The one they pumped up, sold to their sheep, then dumped.

#memecoin #crypto #businesssky #finance #financesky #business

#AcademicConference #EconSky #FinanceSky #AcademicSky

This image shows the logo for CEIS Tor Vergata.

This paper analyzes the identification, estimation, & inference challenges in high-frequency event study regressions commonly used in #macroeconomics, finance, & political economy.

Read: spkl.io/63328AU4cs
Subscribe: spkl.io/63324AU4cI

#EconSky #FinanceSky

Top Papers on Climate Finance in Q4 2025 This list includes the top downloaded papers on AI in Finance posted in Q1 2025. It also includes the Top 5 Organizations that downloaded the research during this period.

Check out the latest from the SSRN #blog which includes the top downloaded #research papers on #climate finance from Q4 2025.

Read more: spkl.io/63329AULJf

#AcademicChatter #FinanceSky

$PHIL $COLL $INS #invest #financesky

This figure shows county-level emissions based on the EPA facilities located in a given county for public and private firms. Only facilities of EPA firms that are also in the Capital IQ data are included. The data illustrated in the figure are for 2015. Our analysis uses the time series.

Financing & the Green Paradox: This study examines how #firms adjust their #investments in anticipation of increased financing costs from future #climate regulations.

Read: spkl.io/63321AoTpX
Subscribe: spkl.io/63322AoTpk

#FinanceSky

This image shows the logo for the Hong Kong Institute for Monetary and Financial Research (HKIMR).

Call for Proposals
HKIMR Open-bid Applied Research Programme

Accepting applications through 23 February 2026 here: spkl.io/63322AW0ms
Full details here: spkl.io/63323AW0mt

#AcademicSky #FinanceSky #CallForProposals

Top Papers on AI in Finance Q4 2025 This list includes the top downloaded papers on AI in Finance posted in Q1 2025. It also includes the Top 5 Organizations that downloaded the research during this period.

Check out the latest from the SSRN #blog with includes the top downloaded papers on #AI in Finance for Q4 2025.

Read more: spkl.io/63328AWeMo

#FinanceSky #AcademicChatter #Research

How to Track Income From Gigs Without Guessing Learn how to track delivery income without guessing using daily, weekly, and monthly methods, including pen and paper, spreadsheets, apps, and an earnings tracker.

One of the most common problems delivery drivers face is not lack of opportunities, but rather lack of clarity. At the end of a day, week, or month, can you confidently answer a simple question: how much did I actually make?
#financesky #businesssky #econsky

www.deliverysocal.com/how-to-track...

Today in Financial History: New York Stock Exchange opens | Rebellious Resources Get more from Rebellious Resources on Patreon

Today in Financial History: January 4, 1865 - NYSE opens 1st permanent location in NY, allowing Wall Street & the financial district to grow up around it. NYSE has seen its share of historic events. Read the full post on Patreon!
#EconSky #HistorySky #FinanceSky #FinancialHistory #MoneySky #Stocks

5 Tips to Overcome Gig Work Slowdown Ways to overcome gig work slowdown with proven tactics: multi-apping rules, shift targeting, and tools to track true earnings and best-performing apps.

#BusinessSky #FinanceSky #EconSky
A gig work slowdown is real. Fewer orders, tighter tips, more drivers online, and higher operating costs can turn a “good week” into a frustrating grind. The mistake most drivers make is.…

www.deliverysocal.com/5-tips-to-ov...

Wishing everyone a safe and happy new year!

#FinanceSky #EconSky #BusinessSky

This image shows the logo for the Hong Kong Institute for Monetary and Financial Research (HKIMR).

Call for Proposals
HKIMR Open-bid Applied Research Programme

Accepting applications through 23 February 2026 here: spkl.io/63321AgGX9
Full details here: spkl.io/63325AgGXl

#AcademicSky #FinanceSky #CallForProposals

when you simply seek to help & serve others, you never know who it impacts, or how it comes back around…

#tonymorrison #mackenziescott #hbcu #financesky #mentorship

“Big tech has made their choice”
So consumers and 'retail investors' (of a certain type) will make theirs. #FinanceSky

This image shows the logo for the Vienna Graduate School of Finance (VGSF)

PhD in Finance
Vienna Graduate School of Finance (VGSF)

Apply by January 11, 2026 here: spkl.io/63324Aw4xq

Full details here: spkl.io/63321Aw4xx

#AcademicSky #FinanceSky #PhD

This figure shows a distribution of the estimated coefficients for Pseudo_ Event_25km, derived from 500 iterations of placebo tests where we replace Event_25km with randomly generated pseudo-event dates (Pseudo_Event) and randomly selected treatment and control firms (Pseudo_Treat) in the baseline regression.

Extreme local environmental events & the cost of #debt: This study uses a difference-in-differences approach to examine how nearby extreme #environmental events affect firms’ debt costs.

Read: spkl.io/63321AZQTH
Subscribe: spkl.io/63326AZQTM

#Financesky

REMINDER: Until November 18, you can submit your full paper or extended abstract: expfin.org/events/ef-ap...

#EconSky #FinanceSky #cfp #callforpapers