<b>The Takeaway:</b> "Stage Two" of the equities rally

Portfolio

Howard Marks is telling investors we’re probably in “Stage 2” of the equities rally. (Market Folly)

Style tilting with index funds. (Rick Ferri)

One of the first firms to go negative on Apple has now flipped constructive. (StreetInsider)

What is the heck is an ETN+? (Index Universe)

The Biz

Private equity guys are moving down-market for some of that sweet, sweet Muppet retirement money. (Research Puzzle)

Historically-aggressive Janus is getting in on the low-volatility funds trend. (Financial Planning)

Citi: The barriers to entry are rising in the ETF game. (Focus on Funds)

The online brokerages want more retirement assets, their super-secret plan to get them involves stea;lth assassinations and webinars. But mostly webinars. (WealthManagement)

Outliers

Swiss financial advisor accidentally blows up his US tax cheat clients by sending the wrong thing in the mail. (Bloomberg)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.