The Takeaway: Dow 14,000 — Why it’s different than last time

Portfolio

Merrill’s Michael Hartnett (of Great Rotation fame) is now sounding the overbought alarms, looking for a correction. (Business Insider)

Dow 14,000: The difference between this time and last time. (The Reformed Broker)

The behavior gap is alive and well as investors do precisely what they shouldn’t en masse. (WealthManagement)

Christine Benz on maintenance for bucket portfolios. (Morningstar)

The Biz

Amazing! UBS sending a letter to some clients alerting them that their bond portfolios are now considered aggressive. (Fox Business)

Focus Financial Partners scoops up a billion-dollar RIA. (Advisor One)

Carl Richards lights up the hedge fund industry. (Bucks Blog)

Piece of free investing advice: Don’t buy WW1-era German bearer bonds from ex-NFL kickers. (Investment News)

Outliers

Bank of America’s new branding initiative: We don’t suck anymore! (Dealbreaker)

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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.