BofA Securities – Quantitative Primer: Everything You Wanted to Know

The main topic of the report is related to quantitative analysis and investment strategies.

The report includes macroeconomic analysis models, sectoral analysis, stock selection, and asset allocation covering four decades. Key findings include: many flow-based theories prove invalid, investors are prone to biases such as confirmation and herd behavior, the importance of macroeconomic timing versus fundamental stock selection, and negative tail hedging has become the new norm with investors being more conservative than ever.