<b>The Takeaway</b>: Keep an eye on that sales assistant!

Portfolio

US economy adds 162,000 jobs in July. Here are some reactions from economists:  (MarketWatch)

Hope you didn’t try to do the right thing and diversify clients’ portfolios this year.  (The Reformed Broker)

The August issue of Mutual Fund Observer just came out, always a great read.  (Mutual Fund Observer)

Here’s the rundown of things that could go wrong in global markets, told in GIF format.  (Finansakrobat)

The Biz

Bloomberg View: The Lesson of the Fabrice Tourre Verdict   (Bloomberg)

Rick Ferri on the growing strength of the index fund business.  (Part I) and (Part II)

Working with clients to correct mis-perceptions of risk.  (Nerd’s Eye View)

“Sales assistants who break industry rules or make costly mistakes may expose brokers to problems with their employers and regulators”  (Reuters)

Outliers

Boiler room picks up and moves itself across the street.  Investors rejoice as the machinery whirrs back into operation.  (Bloomberg)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.