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Market & Portfolio Review: 04-15-20

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Fighting Back

Back in April of 1942, when the allies were on their back foot and the axis powers were advancing across the world, the stock market bottomed. While it would be another 3 years of sacrifice and hardship, the Doolittle raid of April 1942 was a sign that the U.S. had found its footing and was beginning to fight back. The stock market has a habit of reading through the headlines and understand how future events will impact business. Sure enough, a few months later the Battle of Midway would alter the path of World War II. Today, after weeks of unchecked spread, COVID-19 is now facing a world united in halting its spread, which means the investors can now begin to look through the crises and toward a post-crises economic landscape.

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, will provide an update on performance, along with a discussion on how investors can use stock market pullbacks to increase your potential long-term growth rate through a combination of time budgeting, discipline, and emotionless opportunism.

Specifically, Robert will walk clients through the various stimulus and economic support programs launched by the Federal Government and the Federal Reserve, how these programs differ from those implemented during the financial crises of 2008, and the expected impact that these programs may have on asset prices such as stocks and bonds going forward. Additionally, we will review the state of credit markets and what the level of implied credit risk is saying about the effectiveness of recent Federal Reserve programs to backstop the financial system during the COVID-19 pandemic. Lastly, we will assess the nature of the recent recovery in stock market prices by measuring momentum, breadth, and investor sentiment. We will also assess whether the current rally off the bottom shares more in common with a bear market bounce or a more durable, long-lasting stock market bottom that gives way to the beginning to new bull market.

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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