1 sad thing: RIP John Singleton, an amazing talent.

1 fun thing: I'll be in Washington, D.C., on Wednesday for the annual Investment Company Institute membership meeting. (SEC Chairman Jay Clayton will be there!)

1 playoff thing: Go Nuggets!

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Situational awareness:

  • President Trump, his children and the Trump Organization are suing Deutsche Bank and Capital One to prevent them from providing financial records requested through congressional subpoenas. (USA Today)
  • A reading on Chinese manufacturing fell in April from March's reading, which was the first expansion in 4 months, suggesting China's recovery may be more delicate than previously thought. (Reuters)
  • Bridgewater Associates co-founder Ray Dalio was ranked the top earner in Institutional Investor's annual list of hedge fund managers with an estimated $2 billion in compensation. (NYT)