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Market & Portfolio Review: 08-19-20

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Markets Make Presidents

I recently heard someone on the radio say that “Presidents don’t make markets, markets make Presidents,” and it was a moment of investment clarity for me. In one fell swoop, a simple phrase was able to explain what we have been communicating for months. Similar to short term moves in the market, politics can be noisy but often fall into line with the long term aspirations of Americans who express their collective goals as a nation through the companies they build, invest and grow.

As we move forward, our client portfolios are aligned with the unstoppable tide of economic progress that Americans demand. We remain focused on companies that are in the process of going from good to great and are delivering long term sales growth that are sustainable and margin rich. As of August 19th, the LPAM Tactical Opportunity portfolio has delivered growth of +52.76% net of fees vs. a +4.92% rate of return for the S&P 500 and a decline of 2.66% for the DOW Jones Industrial Average over the same time period.

In this week’s market update, we are going to review what an economic recovery looks like in the stock market and some of the mistakes investors can make while traversing this period of economic transition. Second, we are going to assess investor sentiment, what that means for the stock market, and most importantly, how we are using this data to adjust client portfolios moving forward. Lastly, we are going to walk through the distribution of S&P 500 returns in 2020 and why having an effective stock-picking strategy is critical for long term success.

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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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