The Traderszone Network

How do you follow a legend? That’s been one of the challenges for Sam Peters, who has been lead manager of $2.7 billion ClearBridge Value since taking the baton from Bill Miller about two years ago. Miller — who still runs $2.1 billion Legg Mason Opportunity — ran Value from its April 16, 1982 inception until April 30, 2012. He famously beat the broad stock market as measured by the S&P 500 for 15 years in a row — from 1991 to 2005.

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Upbeat economic news late in July fueled investor worries that the Federal Reserve would speed up its timetable for hiking interest rates. That sparked a late-month sell-off in taxable bond mutual funds, which overall lost 0.43% in July, according to preliminary Lipper Inc. data. Service-sector indicators were up. So were factory orders.

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Six senators send letter to president, criticizing the administration’s oversight.
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Worries that tensions between Russia and Ukraine could escalate into a military conflict sent stocks dropping as investors flocked to safety.

So-called living wills submitted by big banks are “not credible” and have to be revised by next July, federal regulators said on Tuesday.

The real cost of owning a new home could come down to about the same amount as the cost of a new washing machine.

With last week’s decline, all of the crash talk finally took on some credence, but there are still certain steps that have to take place before a crash can actually happen.
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