Are you already signed up for our daily e-mail newsletter? Great, but did you know that we just launched an adviser-focused e-mail on Fridays? Now you do. Sign up here!

Quote of the Day

"In other words, I’d stop thinking of bonds as a source of yield or as a diversifier for stocks. Instead, think of them as way to generate cash if the stock market is in the toilet."

(Jonathan Clements)

Chart of the Day

New entrants could kick off another round of the ETF price war.