Hot Links: Zombie Funds

Stuff I’m Reading this Morning…

The Japanese Bull Market turns one.  (CassandraDoesTokyo)

How Wall Street sees the world in one slide.  (BusinessInsider)

All of a sudden iron ore shipments to China are exploding.  (Bloomberg)

John Hussman: All the classic signs of a crash are manifesting themselves, so why will this time be different?  (ZeroHedge)

Greggy: If there’s going to be a crash, it’ll be in the Treasury market.  (DragonflyCapital)

Yes, the equal-weight S&P 500 ETF generates significant alpha – but hold up, wait a minute!  (IndexUniverse)

LOL, the average private equity investor merely breaks even.  (FocusOnFunds)

Time to slay some of these zombie hedge funds and put them out of everyone’s misery.  (Hedgeweek)

Matt Levine: Financial innovation is depressing.  (Bloomberg)

Just how crowded is the “low volatility anomaly” trade right now?  Craig Lazarra of S&P Dow Jones Indexes weighs in.  (ETFTrends)

Finra is surprisingly candid in its report on the inherent conflicts of the brokerage industry (spoiler alert: the whole f*cking thing is one giant conflict):  (NerdsEyeView)

Lockheed Martin working on a terrifying new vehicle that can fly, swim and drive on land.  (FloatingPath)

Meet David Merrell, the financial advisor who located his office inside a fitness gym.  (WSJ)

REMINDER: Backstage Wall Street is now on Kindle!