A large body of research has been conducted to study stock returns and investment strategies. Much of the recent research and recommendations are based on diversification using broad stock market indexes like the S&P 500 and the Russell 2000. This assumption implies that it does not matter on...

The pandemic-induced lockdowns and the global recession of 2020 that followed have created a highly uncertain global outlook. Globalization is stalling, social cohesion is being eroded by unrest and political polarization, and the still-unfolding economic crisis is threatening the livelihoods of...