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Market & Portfolio Review: 07-08-20

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Invest Like It's 2009

As we enter the second half of the year, it’s important that we stay consistent and stick with the types of stocks/businesses that are positioned to deliver durable, long term growth without the risk that accompanies speculative companies with poor balance sheet health. The message here is to stay focused on companies that can use strong balance sheet health to capture market share, accelerate sales, and deliver superior return on invested capital vs. their peers. 

As of July 7th, the LPAM Tactical Opportunity has advanced +44.70% vs. a decline of -2.65% for the S&P 500.

As the U.S. Federal Reserve commits to long term financial support by exponentially increasing the supply of cheap money and providing a solvency backstop to the credit markets, it’s important that we keep our investment approach simple and invest alongside the buyer of last resort. Despite the recovery off the March lows, the current market environment remains historically attractive for new & existing investors. 

In today’s market review, we are going to review the current macro-economic landscape and the factors that historically drive the asset price direction. As usual, we will conduct a quick performance review, along with an overview of the factors driving results and some of the potential risks we are watching in the second half. Afterward, we perform a health check of the equity and credit markets to assess the sustainability of the current market move along with any risks that may become a factor in the second half of 2008. 

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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