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Market & Portfolio Review: 06-12-23

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What to Buy if a Recession Hits

Last week was a quiet week ahead of this week’s busy and consequential calendar. On Tuesday, we have the monthly inflation report, and while leading indicators suggest a drop, there are many variables inside the report that are hard to forecast monthly. The US inflation report will certainly have an impact on Wednesday’s FOMC rate decision and just as important, forward guidance as it relates to interest rates. In this week’s market update, we will review factors influencing the monthly inflation report, give updates on the U.S. labor market, and analyze some of the asset allocation implications of a narrow stock market and what we think it means for your portfolio.

Key Takeaways

  1. Job creation remains strong but jobless claims are rising
  2. Market breadth has never been so narrow that it may very well expand
  3. If the hyper bubble at the top of mega tech deflates, the average stock may benefit

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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.

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