🎲 Anti-Exploration by Random Network Distillation, Tinkoff Research, ICML 2023
We propose a new ensemble-free offline RL algorithm called SAC-RND. We evaluate our method on the D4RL (Fu et al., 2020) benchmark, and show that SAC-RND achieves performance comparable to ensemble-based methods while outperforming ensemble-free approaches.
🎲 Anti-Exploration by Random Network Distillation, Tinkoff Research, ICML 2023
We propose a new ensemble-free offline RL algorithm called SAC-RND. We evaluate our method on the D4RL (Fu et al., 2020) benchmark, and show that SAC-RND achieves performance comparable to ensemble-based methods while outperforming ensemble-free approaches.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
