Marble Trail Financial is a joint venture of Addison Advisors LLC dba Marble Trail Advisors, Davis Associates,  and Misasi & Company LLC. Investment advisory services are provided by Marble Trail Advisors, a registered investment adviser, and tax preparation and accounting services are provided by Davis Associates and Misasi & Company LLC.

tel (802) 388-6300 | fax (802) 989-7569 | email  info@marbletrail.com | 5 Court Street, 2nd Floor, Middlebury VT 05753

MARKET UPDATES

April 5, 2019

U.S. stocks bounced back strongly from December’s swoon to turn in their best quarter in nearly 10 years. The S&P 500 rose 13%, the Dow added 11%, and the Nasdaq surged 16%. While technology companies led the way, the rally was broad-based, with all 11 sectors in the S&P advancing. This surge represented a remarkable turnaround from the fourth quarter of last year, when U.S. stocks sank an average of 15%. It’s not very often dramatic market moves can be attributed to a single factor. When stocks plunged a quarter ago, we pointed to a number of causes – trade wars, a slowdown in China, and Brexit – as contributing to a more pessimistic outlook. Progress on none of those issues has been great enough to explain this rebound. One factor can, however; the actions of Fed Chairman Jerome Powell.

Even before the Fed raised rates for a fourth time in a year last December, the Treasury yield...

Please reload