Never miss an update! Subscribe to LifePro Asset Management’s YouTube Channel!

Market & Portfolio Review: 05-08-23

Share on facebook
Share on linkedin
Share on twitter
Share on email

Is the Fed Asleep at the Wheel?

Despite a great jobs report, a huge rally in the regional banks on Friday, and a higher 10-year interest rate, the US dollar sold off. The reaction of the US dollar suggests that many of the concerns that have been plaguing the market have yet to reach their crescendo and that the full impact of the Federal Reserve’s interest rate hikes and the debt ceiling have yet to be fully priced in by investors.

In this week’s update, we will review what the narrowing of stock market breadth may mean for investors while assessing the impact of the regional bank crises on Federal Reserve interest rate policy and, what we believe to be, the expected impact on asset prices.

Key Takeaways

  1. We believe the top of the market is getting crowded as the rest of the market narrows
  2. Lower rates may be required in order to ease the banking crises
  3. Gold and other commodities may benefit from a Fed pivot and lower growth

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 SEC registered investment adviser. Registration does not imply a certain level of skill or training.  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.

Add Your Heading Text Here