Best Finance Tweets of the Month: May 2016

Has the ETF industry hit its peak, or at least peak ridiculousness?

The launch of the Global X Millennials Thematic ETF in May inspired much derision. But the recent proliferation of thematic ETFs is “a sign of a tech-like boom in the ETF industry,” a bid to stand out in an crowded field without joining the Vanguard- and Schwab-dominated race to the bottom on fees, Eric Balchunas of Bloomberg writes. 

Meanwhile, Michael Batnick of Ritholtz Wealth Management had an awkward office-behavior situation, and George Pearkes of Bespoke Investment Group pondered whether Drake could be richer than oil magnate T. Boone Pickens.

On General Economic Topics:

Republican primary wrapped up before Democrats

7-yr bull market in slow economy

QE forever leads to $1.80 gasoline

Predicting is hard

— Morgan Housel (@TMFHousel) May 9, 2016

4/ So if Ed Thorp, Jim Simons, and Ray Dalio can’t crack a Sharpe of 2, what makes you think the mutual fund sending you spam emails can?

— Meb Faber (@MebFaber) May 17, 2016

#Blondelingual pic.twitter.com/Mzrz26RWYA