Quarterly Investment Commentary
Argent Quarterly Investment Commentary – June 2015
21 July 2015
“One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute…”
– William Feather
Although Argent clients had strong first half returns, if the U.S. stock market indicies were a car in the second quarter of 2015, it would be safe to say that it is currently stuck in Neutral. That is not really surprising. As we said in our last newsletter, “We can certainly see the stock market hitting higher highs, but we suggest a dose of patience may be in order. A period of modest returns for several quarters seems likely to us as markets digest gains made over the past few years.”
