Hot Reads: ETF Flows Point to ‘Skittish’ Investors

Plus, SEC’s changing its view on labeling digital assets.

SEC Changes Its Mind on Officially Labeling Digital Assets (CoinDesk) 

The agency reversed a move that might have started formalizing crypto’s role. 

El-Erian Slams Powell’s Suggestion That Bank Turmoil Is Over (Markets Insider) 

Fed’s communications are eroding its credibility, economist says. 

ETF Flows Point to ‘Skittish’ Investors (MarketWatch) 

Nate Geraci suggests flows indicate investors are preparing for a recession. 

Decline in US Regional Bank Stocks Weighs on Wall Street (Financial Times) 

The sector remains in focus after PacWest says it is exploring a potential sale. 

How Some Unusual ETFs Performed Against the S&P 500 (WSJ) 

Enthusiasm has waned for some exotic ETFs, with many of them underperforming the S&P 500. 

AI Is the Next Internet (Advisor Perspectives) 

Expect weird things. 

How Rising Yields Should Affect Asset Allocation for Retirees (Morningstar) 

Do higher bond and cash yields suggest retirees and preretirees hold more in those assets?