📊 Stock pickers are having their worst year on record. Only 20.5% of active funds are beating the S&P 500 in 2026 — the lowest rate since at least 2008. Even in tough years like 2014 or 2018, nearly 1 in 4 managers outperformed. This year? 4 out of 5 are losing to the index. 🤦 The case for passive investing just got stronger. Again. (Source: Strategas)
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