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Market & Portfolio Review: 09-11-23

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The Stock Market Civil War

As we approach the mid-point of September, the stock market and its direction are increasingly a battle between the haves and have nots. At one end there appears to be some energy stocks that are breaking out to the upside, both from a relative and absolute standpoint, but that’s coming at the expense of consumer stocks, which are showing signs of pronounced strain amidst higher energy prices and persistent inflation. In this week’s market update, we will review what energy leadership may mean for the broader tape and some of the implications of a potential breakdown for Apple’s stock.

Key Takeaways

  1. Energy and oil prices continue to break out – Supply falling, demand is resilient
  2. The weakness in consumer stocks is spreading across the sector
  3. Commodities as an asset class appear to be historically cheap

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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.

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