Hot Reads: Wood’s ARK Sees Outflows While Outpacing Markets

Yellen: ‘Highly Likely’ US Out of Cash in Early June (Bloomberg) 

Goldman Sachs is among those seeing June 8-9 as critical. 

Has Bitcoin Bottomed? (Yahoo Finance) 

MicroStrategy’s Michael Saylor also posits the world’s biggest cryptocurrency is on a new bull run. 

Is the S&P FANG’d Out? Debt Isn’t the Only Ceiling (Bloomberg) 

A breakout past 4,200 meets resistance as this rally’s dependence on the tech giants makes allocators nervous. 

Asian Institutions Join Global Swing to Active ETFs (Financial Times) 

The possibility of intraday trading is one of the vehicle’s biggest selling factors. 

Cathie Wood’s ARKK Hits New Monthly High (Seeking Alpha) 

But capital flows aren’t following. 

Investors Seek Shelter in Emerging Markets as Recession Risk Hits (Advisor Perspectives) 

Money managers expect to increase exposure to EM in the next 12 months, survey finds. 

Banks Having Difficulty Retaining Advisors: Cerulli (Financial Advisor) 

The bank broker-dealer channel has seen stagnating growth in advisor head count.

Streamlining Alternative Investments (A Wealth of Common Sense) 

Advisor pain points when investing in alts. 

Why Is Your Cash Sitting in a Bank Account? (The Street) 

Five low-risk ETFs with a 5% yield.