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News & Our Thinking

News & Our Thinking
Quarterly Investment Commentary

Quarterly Attribution Commentaries

23 October 2020

Despite a tumultuous September, stocks ended the third quarter with solid gains. Uncertainty still remains around COVID-19, future economic stimulus and the presidential election, yet markets continue the recovery that began in early April. Several tailwinds such as past economic stimulus, the Federal Reserve’s zero interest rate policy and the promise of another federal relief package has kept the expectations of investors high. As the calendar turned to October, the U.S. presidential election moved front and center on investors’ minds.

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.

 

Dividend Select Attribution

Russell 1000 Value

Mid Cap Attribution

Russell Midcap

Small Cap Core Attribution

Russell 2000

Large Cap Growth Attribution

Russell 1000 Growth

S&P 500