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Market & Portfolio Review: 04-21-20

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The Spring Path Forward

When the New England Patriots won the Super Bowl in 2019, many asked what was next for Bill Belichick, along with the rest of the team. In short, the team would enjoy the win for a few days and then get back to work in order to prepare for 2020. Similar to the Belichick mindset, an effective investment process doesn’t stop because market is up or down, its series of continuous steps that relentlessly pushes toward your ultimate long term financial goals, regardless of the twists or turns the path may throw at you. 

In today’s portfolio review, we are going to review how we got back to positive 2020 returns and what the path forward looks like for client portfolios. Today’s report will involve a general discussion and overview of both the bear and bull thesis’ are for stock prices going forward, what side of the fence we are leaning on and why we are positioning that way. Second, we will conduct a quick performance review along with a discussion on how unemployment insurance benefits are impacting Americans that have recently been furloughed or let go and how unemployment benefits compare to their prior compensation as an employed worker. 

Additionally, we are going to review the state of the March/April rally, the points supporting the rally and what are some of the pitfalls we need to be on guard for as we push toward May. Lastly, we are going to conduct a quick overview of investor sentiment and a quick health check on the state of the credit markets, which are the important mechanism that transmits capital between borrowers and lenders. 

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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