1. Market anomalies refer to certain stock/firm characteristics that have predictive power for the cross-sectional stock returns and such predictability cannot be explained by the risk factors. \ a). Please list 5 known anomalies in the US stock market that are related to only to variables available in financial statements. \ b). Briefly explain what the momentum and reversal anomalies are? When constructing stock return momentum, why do we usually exclude the most recent month(month t-1)?