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Market & Portfolio Review: 07-01-20

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Acting with Conviction During an Era of Hesitation

One person’s hesitation is another person’s window of opportunity. In an era dominated by fear, uncertainty, and an endless trail of excuses of what can’t be done, investors with an active approach to investing are partnering with companies that are prospering off the hesitation of others and setting the stage for long term growth.

After a strong second quarter, the rally in stock market prices is met with a wall of disbelief and skepticism. From a historical point of view, this sort of behavior is unremarkable and consistent with the early innings of a bull market with low investor participation. For existing and prospective investors, the early innings of a bull market represent an attractive time to put new money to work.

In today’s market review, we are going to recap performance in Q2 for the LPAM Tactical Opportunity strategy and the factors that drove the results. Just as important, we will discuss what needs to happen, based on our work, for the market to continue moving upward in the second of 2020 and why headline valuation numbers can mislead investors during a recovery. Second, we are going to talk about why the process of scientific stock selection will become increasingly important in a world dominated by money printing. Lastly, we will wrap up the conversation on what the credit markets are telling us about the health of America’s economic foundation.

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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