<b>The Takeaway:</b> Health care rallly now at sick levels

Portfolio

Japanese households represent one of the largest untapped pools of wealth on the planet – but will they really “buy in” to the Nikkei rally? (The Reformed Broker)

The degree to which Pimco’s Total Return ETF trounces the parent fund is starting to leave industry watchers slack-jawed. (Bloomberg)

The rally in healthcare ETFs enters the banoodles phase. Yes, that’s a technical term. (ETF Trends)

The Biz

Hey look – Bill Miller’s back on top! Must be a buy-anything bull market again, let’s all pretend nothing happened. (WSJ)

A stunning courtroom victory for David Lerner re: Apple REIT sales. (Investment News)

Cetera is slowly turning itself into a “Baby LPL” with all these insurance, IBD roll-up deals. (RIABiz)

UBS rips three advisors running half a billion from Morgan Stanley. (Financial Planning)

You’re probably going to need to hire more millennials to grow and manage your practice. Never feed them after midnight or get them wet. More tips here: (WealthManagement)

Outliers

Dimon allies within the bank fight off a split of CEO / Chairman role. Can’t touch this guy. (DealBook)

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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.

http://online.wsj.com/article/SB10001424127887324000704578388623876614726.html?mod=ITP_journalreport_1