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

Market & Portfolio Review: 06-20-23

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

The Mother of All Bubbles is Here… What to Do If and When it Pops?

Over the last month, we have been warning about a massive bubble we believe is forming in “AI stocks” and mega technology stocks as defined by Google, Meta, Nvidia, Netflix, Apple, Amazon, and Tesla. Whether one is measuring a bubble as defined by market capitalization, share of investor dollars, or valuation, this bubble, in our opinion, checks off all the boxes required to be a bubble. What makes a bubble hard to avoid is that if you’re sitting on the sidelines, you look stupid while the party is in full throttle. But as we learned last year, once the bubble pops, it’s over.

In this week’s update, we review the state of the bubble in technology, how close we think the bubble is to popping, and what we’re doing NOW to position for tomorrow.

Key Takeaways

  1.  We believe the technology bubble is dangerous as it represents a huge piece of investor portfolios

  2. We think the labor market is beginning to crack and bears watching

  3. If the technology bubble pops, we expect dollars to flow into commodities

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