Peaky Blinders
This massive bull market in blind (“passive”) investing at or near the peak will only end in tears for those boomers who don’t rebalance
Two articles I perused over the weekend prompted me to pen this piece: Nvidia’s Success Is the Stock Market’s Problem in the Wall Street Journal and ETFs On Track To Seize Half Of U.S. Mutual Fund Assets in the Financial Times. These should be read and re-read by everyone, in my opinion, just to get an understanding of how the equity market has moved to extremes in every meaning of the word:
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