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News & Our Thinking

News & Our Thinking
Quarterly Investment Commentary

Quarterly Attribution Commentaries

22 July 2020

Equities staged a powerful rebound from their March lows in the second quarter as investors pinned their hopes on a return to normalcy. The unprecedented monetary and fiscal stimulus that the Federal Reserve and Congress provided in late March helped stabilize the markets in the second quarter as investors interpreted those actions as a backstop against further losses. During the quarter, stocks rose as investors focused on favorable economic data along with the possibility of further government stimulus.

Argent continued to selectively upgrade its portfolios during the quarter with companies that exhibit strong cash flows, sturdy balance sheets and above-average returns on capital. Please see our attribution commentaries below for more detail.

 

Mid Cap Attribution

Russell Midcap

Dividend Select Attribution

Russell 1000 Value

Small Cap Core Attribution

Russell 2000

Large Cap Growth Attribution

Russell 1000 Growth

S&P 500