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The U.S. market is believed to be semi-strong form efficient (most of the time). What does semi-strong form efficiency mean? Provide two arguments that support

The U.S. market is believed to be semi-strong form efficient (most of the time). What does semi-strong form efficiency mean? Provide two arguments that support (and two arguments that do not support) the U.S. market being semi-strong form efficient. Who (if anyone) would be able to achieve abnormal returns if the market is semi-strong form efficient and why? If the market was semi-strong form efficient would there still be a need for fundamental analysists? Why?

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