2015 Midyear Update

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    • In the first half of 2015, the long-running bull market continued to overcome a variety of potential stumbling blocks.
    • With ECB stimulus blazing, Europe has been a pleasant surprise this year.
    • While the mechanics of policy normalization can test near-term resolve, investors must remain focused on their long-term goals.
    • If the bull market that arose out of the Great Recession taught us anything it’s that waiting on the sidelines for a precise entry point is pure — and costly — folly.


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