Passive Investing

“When it’s time to head for the door, you better move fast.”

Area fund manager decries threat to his business.

Jeff Gundlach appears at SALT as a hologram; the SEC might kill the quadruple-leveraged S&P 500 ETF; Darwin visits Wall St; can we still rely on collective wisdom; “To Woo Millennials, Financial Advisers Dress the Part”; unpleasant thoughts you had and the things you bought to stop having them; other stuff.

A note that’s either an exercise in wishful thinking, or a warning that darker days are ahead for passive allocators. Perhaps both.