Barron's was spot on with their headline article in this week's issue (6/20/20). While those who have been afforded enormous advantages feel insulated from growing problems, those advantages are destined to cause long-term problems for those who benefit from them.
This does not surprise me given the current state of the equity markets.
I would bet that much is driven by two trends that have been occurring in the investment space: wrap accounts and peak market investment banking activity.
