(Photo: AP)

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:

 

 

 

 

 

 

 

 

— Check out Best Finance Tweets of the Month: April 2016 on ThinkAdvisor.