“Everything is funny as long as it is happening to somebody else.” -Will Rogers-

Throughout much of the second quarter, major equity indices reacted like a roller coaster. Equities rose and fell as investors weighed a potentially changing economic landscape and struggled to determine how various positions would be effected.

As the quarter drew to a close, several indices leveled out any gains. The chart below shows the S & P 500 returning almost to the starting point, where it had begun three months before. Although the index in the end had moved very little, several positions did, creating winners and losers along the way.

CAM Market Commentary Q2 2015