October 6, 2017

You will need to read carefully to notice many differences between the 2nd and 3rd quarter market updates. The “eerie calm” we noted last quarter persisted, with no major pullbacks and a seemingly relentless march to new highs. Just as last quarter, North Korean missile tests drew international consternation and inflammatory responses from our President. Once again, there were more surprising revelations in the Russia investigation, and multiple embarrassing failures by Republicans to pass an Obamacare repeal bill. And for the eighth consecutive quarter, the Dow Jones Industrial Index advanced, closing up 5%, as part of a streak which is now the longest since 1997. Despite this and other news, there were again just three instances where the Dow Jones index gained or lost more than 1% in a session – a remarkably low level of volatility.

While the market’s reaction to news events, economi...

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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.

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