Consumption Anchors Stock Prices
Stock prices and consumption share a long-run trend whose deviations mean-revert and predict market returns over one to two years, identifying consumption as a macroeconomic anchor for asset values.
Featured in No. 135 on 16 Oct 2026 · 4 days after release
- Released
- 12 Oct 2026
- First featured
- No. 135 · 16 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7600358
- Authors
- Carlo A. Favero et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).