<b>The Takeaway:</b> Hold your horses on preferred stock

Portfolio

Goldman Sachs: Forget gold, nat gas is the new safe haven. (The Tell)

That Reinhardt-Rogoff research that’s been used to justify an avalanche of austerity around the world? There may have been a small error… (Next New Deal)

Some good values in the oil & gas patch based on quantitative screen. (Morningstar)

Curb your enthusiasm on the preferred stock asset class, the risk may outweigh the reward. (Focus On Funds)

The Biz

The rogue trader who took down Rochdale Securities enters into partial settlement. (SEC)

Industry excited for new DoubleLine closed-end fund IPO. (Investment News)

Goldman’s quarter shows a bank that can basically make money no matter what. (Dealbreaker)

Cultivating the next generation of advisers. (OnWallStreet)

Brightscope names Michael Kitces to its advisory board as former foes kiss and make-up. (RIABiz)

Outliers

How America can beat inflation, New York City-style. (The Reformed Broker)

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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.