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    <item>
      <title>A high backtest Sharpe ratio proves little: what real validation requires</title>
      <link>https://uzunews.com/investing/why-a-great-backtest-proves-little-3.html</link>
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      <description><![CDATA[Reported Sharpe ratios inflate with every unreported trial. The Deflated Sharpe Ratio and SR 11-7 set out what valid backtest evidence actually requires.]]></description>
      <pubDate>Fri, 28 Aug 2026 08:58:09 GMT</pubDate>
      <dc:creator>Karim Al-Rashid</dc:creator>
      <category>Investing</category>
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      <title>What does out-of-sample mean in a forecasting paper?</title>
      <link>https://uzunews.com/analysis/what-does-out-of-sample-mean-forecasting-3.html</link>
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      <description><![CDATA[Out-of-sample scoring withholds data from every stage of fitting. Here is how the split is done, why it is still overstated, and what it can never establish.]]></description>
      <pubDate>Wed, 26 Aug 2026 08:58:08 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Analysis</category>
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      <title>SEC settles its first AI-washing cases for a combined $400,000</title>
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      <description><![CDATA[Delphia and Global Predictions paid $400,000 combined in March 2024 for overstating machine-learning use. The orders turn on the gap between claimed and deployed models.]]></description>
      <pubDate>Mon, 24 Aug 2026 08:58:07 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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    <item>
      <title>How many signals were tested before this one worked?</title>
      <link>https://uzunews.com/investing/how-many-signals-were-tested-before-this-one-worked-b329667a.html</link>
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      <description><![CDATA[Multiple testing turns luck into apparent skill. What the correction procedures control, the hurdles the replication literature settled on, and what a corrected t-statistic still cannot tell you.]]></description>
      <pubDate>Fri, 21 Aug 2026 08:52:06 GMT</pubDate>
      <dc:creator>Karim Al-Rashid</dc:creator>
      <category>Investing</category>
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    </item>
    <item>
      <title>What replaced the guidance that has governed bank models since 2011?</title>
      <link>https://uzunews.com/analysis/what-replaced-the-guidance-that-has-governed-bank-models-since-2011-94446759.html</link>
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      <description><![CDATA[Federal regulators rewrote model risk management guidance in April 2026, keeping the same validation core built around conceptual soundness and outcomes analysis while making the rules explicitly non-enforceable and leaving generative AI models outside their scope.]]></description>
      <pubDate>Wed, 19 Aug 2026 08:52:05 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Analysis</category>
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      <title>Every backtest is one of many: what the trial count does to measured performance</title>
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      <description><![CDATA[Ten trials are enough to yield an in-sample Sharpe ratio of 1.57 from strategies with zero expected out-of-sample performance. What validation, multiple-testing corrections and US supervisory guidance actually require of a backtested claim.]]></description>
      <pubDate>Mon, 17 Aug 2026 08:52:04 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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      <title>What is &apos;probability of backtest overfitting,&apos; and how is it actually measured?</title>
      <link>https://uzunews.com/markets/what-is-probability-of-backtest-overfitting-and-how-is-it-actually-measured.html</link>
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      <description><![CDATA[A diagnostic built to answer one question a good Sharpe ratio can't: how much of a backtested strategy's performance is signal, and how much is the number of times it was tried.]]></description>
      <pubDate>Sat, 15 Aug 2026 08:52:03 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Markets</category>
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    <item>
      <title>The Backtest Trap: Why a Great Historical Track Record Doesn&apos;t Prove a Forecasting Model Works</title>
      <link>https://uzunews.com/economy/the-backtest-trap-why-a-great-historical-track-record-doesn-t-prove-a-forecasting-model-works-e62c198f.html</link>
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      <description><![CDATA[AI-driven trading and forecasting tools are often sold on the strength of impressive backtested results. Here is the mechanism by which those results can be manufactured by chance alone, and why regulators now require disclosures around them.]]></description>
      <pubDate>Wed, 12 Aug 2026 08:52:02 GMT</pubDate>
      <dc:creator>Rekha Patel</dc:creator>
      <category>Economy</category>
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    <item>
      <title>July FOMC holds again — this time with three members voting to raise</title>
      <link>https://uzunews.com/finance-news/fomc-july-2026-nine-three-vote.html</link>
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      <description><![CDATA[July 2026 FOMC: hold at 3.50-3.75 passed 9-3, three hawkish dissents after a unanimous June — the full 2026 vote sequence, documented.]]></description>
      <pubDate>Mon, 10 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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    <item>
      <title>AI-washing is not a model failure: what the SEC&apos;s enforcement actually measured</title>
      <link>https://uzunews.com/finance-news/ai-washing-is-not-model-failure-what-sec-s-enforcement-actually-measured.html</link>
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      <description><![CDATA[The SEC's first AI-washing settlements penalized false marketing about artificial intelligence, not a model's forecasting accuracy — a distinction that matters for anyone judging what a validated model requires.]]></description>
      <pubDate>Mon, 10 Aug 2026 08:52:01 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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    <item>
      <title>The Fed&apos;s stress tests changed shape: what averaging does to comparability</title>
      <link>https://uzunews.com/analysis/stress-test-methodology-change-2026.html</link>
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      <description><![CDATA[Fed stress test 2026: $708 billion projected losses inside the two-year averaging overhaul — what the methodology change does to comparability.]]></description>
      <pubDate>Wed, 05 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Analysis</category>
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      <title>BEA&apos;s first read on Q2 2026: real GDP grew 1.5 percent</title>
      <link>https://uzunews.com/economy/bea-gdp-advance-estimate-2026-q2.html</link>
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      <description><![CDATA[BEA advance estimate: real GDP grew 1.5 percent annualized in Q2 2026 after 1.6 percent in Q1 — a provisional vintage with a revision schedule.]]></description>
      <pubDate>Sat, 01 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Rekha Patel</dc:creator>
      <category>Economy</category>
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    <item>
      <title>What a fund&apos;s turnover ratio tells you, and what it doesn&apos;t</title>
      <link>https://uzunews.com/investing/fund-turnover-ratio-read.html</link>
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      <description><![CDATA[What a fund turnover ratio tells you — pace, costs, tax distributions — and what it doesn't: skill, risk, or trading quality.]]></description>
      <pubDate>Mon, 27 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Karim Al-Rashid</dc:creator>
      <category>Investing</category>
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      <title>Anatomy of a bid-ask spread: where the pennies go</title>
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      <description><![CDATA[Bid-ask spread anatomy: processing cost, inventory risk and adverse selection, why spreads jump on news, and what decimalization changed.]]></description>
      <pubDate>Thu, 23 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Markets</category>
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      <title>CPI cools to 3.5 percent in June, from 4.2 in May</title>
      <link>https://uzunews.com/finance-news/june-2026-cpi-report.html</link>
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      <description><![CDATA[June 2026 CPI: 3.5 percent year over year, down from 4.2 in May, on a 0.1 percent monthly print — base effects and energy mechanics first.]]></description>
      <pubDate>Sat, 18 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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      <title>How to evaluate an alternative data vendor: a working checklist</title>
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      <description><![CDATA[How to evaluate an alternative data vendor: point-in-time integrity, provenance, panel density, decay tests — a seven-item checklist with red flags.]]></description>
      <pubDate>Tue, 14 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Analysis</category>
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      <title>What is actually inside the dollar index?</title>
      <link>https://uzunews.com/economy/dollar-index-composition.html</link>
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      <description><![CDATA[What is inside the DXY: six currencies, 57.6% euro, 1973 weights — and why the Fed's trade-weighted dollar indexes tell a different story.]]></description>
      <pubDate>Thu, 09 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Rekha Patel</dc:creator>
      <category>Economy</category>
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      <title>What should robo-advisor rebalancing claims come with?</title>
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      <description><![CDATA[What robo-advisor rebalancing claims should come with: disclosed rules, behavioral versus performance evidence, harvesting conditions, and all-in costs.]]></description>
      <pubDate>Sun, 05 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Karim Al-Rashid</dc:creator>
      <category>Investing</category>
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      <title>What does trading volume measure, and what doesn&apos;t it tell you?</title>
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      <description><![CDATA[What trading volume measures — a count of transactions — and what it cannot tell you: conviction, breadth, or informed flow. A methods explainer.]]></description>
      <pubDate>Tue, 30 Jun 2026 12:00:00 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Markets</category>
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      <title>Stress test 2026: 32 banks absorb $708 billion in projected losses</title>
      <link>https://uzunews.com/finance-news/fed-stress-test-2026-results-708-billion.html</link>
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      <description><![CDATA[Fed stress test 2026: 32 banks, $708 billion projected losses, CET1 down 1.6 points — read under the new averaging framework.]]></description>
      <pubDate>Thu, 25 Jun 2026 12:00:00 GMT</pubDate>
      <dc:creator>Naomi Bergman</dc:creator>
      <category>Finance News</category>
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