Argent Quarterly Investment Commentary – September 2017
“Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present.”
– Oogway the Tortoise, Kung Fu Panda
There are not many years when after nine months one can survey the landscape of investment alternatives and see nothing but positive returns. Since good times never last on Wall Street –fortunately, neither do the bad times – it is worth taking a moment to enjoy the fact all three Argent strategies have had strong year-to-date performance. Argent Large Cap Growth is up 18.0 percent, Dividend Select is up 8.4 percent and Small Cap Core is up 12.6 percent. Even more surprising has been the lack of volatility. Year-to-date, the S&P 500 Index has moved one percent or more in either direction on only eight occasions. The last time we had comparable markets was 1972.