We show empirically that survey-based measures of expected inflation are significant and strong predictors of future aggregate stock returns in several industrialized countries both in-sample and out-of-sample. By empirically discriminating between competing sources of this return predictability...

Cover -- Contents -- Introduction: The Nature of Momentum -- Part I: The Theory of Overbought and Oversold -- Chapter 1: Momentum in the Concept of Technical Analysis -- Chapter 2: The Concept of Overbought and Oversold -- Chapter 3: Moving Averages -- Part II: The Momentum Oscillators --...