This week Ryan and Jack discuss two posts. First, they examine a guest post by Matthew Bartolini of State Street Global Advisors, discussing the underperformance of Value and its outlook for 2019. Second, they examine a guest post by Elisabetta on a recent JPM paper examining the effects that ETFs have had on Correlations, Liquidity, and Alpha Opportunities.

Paper Links:

After a Lost Decade, Will Value Get its Grove Back in 2019?

https://alphaarchitect.com/2018/12/11/after-a-lost-decade-will-value-get-its-groove-back-in-2019/

ETFs have NOT screwed up Correlations, Liquidity, and Alpha Opportunities

https://alphaarchitect.com/2018/12/10/etfs-have-not-screwed-up-correlations-liquidity-and-alpha-opportunities/