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Market & Portfolio Review: 02-18-20

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It’s All About Liquidity

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, will review the state of market health in light of slowing Chinese growth but still robust labor and consumer spending figures here in the U.S. We will also review how the LifePro Tactical investment process works and how that process helps us position client portfolios for long-term investment success.

Specifically, Robert will review performance results through February 17th, and more importantly, how we are navigating a market that is dealing with increased media headlines as it relates to Coronavirus and its impact on U.S. supply chains. We will also review the level of stock market breadth to gauge the health of the recent stock market rally and whether the gains are widely being distributed across many areas of the market or if the market rally is narrowing, foreshadowing a possible period of volatility. Additionally, we will review recent jobless claim data, credit market activity, and what the two data sets are telling us about the state of health for the foundation of the market.

We are also going to review the importance of financial liquidity to asset prices and what the current level and direction of financial liquidity state side and across the globe are telling us about the possible direction of stock prices going forward. Lastly, we are going to review the cost of capital for companies here in the U.S. along with a discussion on how and why interest rates are such a critical component when valuing stocks, both on an absolute basis and when comparing stocks to other liquid asset classes.  

The information here is presented by licensed professionals and not specific to any individual’s personal circumstances. Investment advisory services offered through LifePro Asset Management, LLC, a registered investment adviser. Investments involve risk and are not guaranteed. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance. Discussion of any specific stocks are based on objective, non-performance criteria and such discussion neither serves as a recommendation nor as the receipt of, or a substitute for, personalized advice. Due to various factors, including changing market conditions, such discussion of positions and/or recommendations may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. Forward-looking statements such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. LifePro Asset Management does not undertake any obligation to correct or update any forward-looking statements on the LPAM Site.

Robert Reaburn

Robert Reaburn

Robert Reaburn is the Executive Vice President and Head of Wealth Management at LifePro Asset Management. He works with financial advisors building diverse financial portfolios that best empower their clients with a lifetime of financial security.

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