Flattening the Jobless Curve
Bull markets are born amid a sea of despair, hate, and worry and this current market environment is no different. No matter what the cause of a bear and bull market is, it’s important to remember that the principles that drive the investor sentiment cycle are uniform and consistent throughout all market environments. Despite the jaw dropping jobless figures, the rate of change, otherwise known as the second derivative, is improving and that gives investors an active mindset, a chance to make money in an otherwise challenging market environment.
In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, will review recent performance results of our flagship, Tactical Opportunity strategy, and more specifically, address how companies are expected to perform in an uncertain economic environment that could be stronger or weaker than expected. We are also going to review how the current market recovery compares to that of the much maligned recovery of 2009 from a technical, fundamental, and economic point of view.
Additionally, we will be taking a close look at some of the recent jobless claim figures, along with job openings to assess not only the pace of the second derivative improvement, but the pent-up demand for new workers as shutdowns ease across the country. Lastly, we will be assessing the recent period of stock market price consolidation, what’s taking place under the index surface, and assess what the symptoms of the overall market suggest to us about market price action over the next month.
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