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Market & Portfolio Review: 09-11-20

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Investing is a Marathon

Like a marathon runner slowing down in order to accelerate later, last week’s market volatility was analogous to the stock market catching its breath after outpacing itself over the past couple of weeks, which makes futures moves to the upside more sustainable and long-lasting. The good news is that the pullback investors experienced in the stock market over the past couple of days is common and will ultimately set us up for sustainable long term returns.

The bottom line is that as we progress through the month of September, the economic recovery is following the 2009 playbook and is backed by low interest rates, record monetary and fiscal stimulus, along with a record amount of investor cash that remains on the sidelines that will eventually be enticed back into the market, which would provide a positive boost to asset prices.

In this week’s market update, we are going to review last week’s market volatility, the factors that drove the selloff, what it means or doesn’t mean for your money, and how it’s impacting the positioning of client portfolios. We are also going to look back at the 2009 stock market recovery and compare that to the current COVID recovery, study the similarities and differences and then compare the amount of monetary and fiscal stimulus between the two historical periods and what this ultimately means for asset prices going forward. Lastly, we will wrap things up by conducting a health check on the credit markets.

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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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