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Market & Portfolio Review: 05-05-20

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Crossing Over the Chasm of Fear

When markets bottomed in the spring of 2009, investors who had been hurt by the sell and those that benefited by being short, could not believe that the market could possibly bottom in the face of falling earnings, rising bankruptcies, insolvent banks, and rising unemployment, but that’s exactly what it did. As we head into the spring, it’s important to always ask the question, will the world be better or worse in 6 months than today? With fear so high and expectations so low, there appears to be a low hurdle to clear for us to, dare we say… better?

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, what’s driving those results, and how we are positioning the portfolio going forward. We are also going to take a close look at recent economic reports and how those results have impacted expectations for the economy and most importantly, what that means for stock prices going forward. Additionally, we are going to conduct a quick review of the psychological impact of COVID-19 on the US public and what recent trends may suggest about consumption patterns going forward.

As we do every week, we will conduct a health check of the overall stock market to see if the current price action is backed by momentum and breadth or whether it’s being fueled by short covering, which tends to fade over time. Lastly, we are going to look at investor positioning to gain a sense as to how fear is impacting actual trade decisions and how we can use that to our clients long-term investment advantage.

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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