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Market & Portfolio Review: 09-16-19

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Staying the Course​

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn reviews how to navigate the stock market as we approach record highs and whether the move is backed by the three pillars of growth, liquidity, and valuation.

In particular, Robert will be focused on the recent short term asset rotation into junk stocks and away from high-quality secular growth stocks and whether that has a material impact on how we approach portfolio construction at the client level. Additionally, Robert will be reviewing the recent consumer spending and wage data, along with jobless claims to look for clues on how we expect asset classes to behave in Q4.

We are also going to review the recent events that took place in Saudi Arabia and study whether today’s pop in oil prices is the beginning of a long term move upward in oil and gasoline prices or whether the supply disruption is a temporary blip in an otherwise rising tide of global oil supply. Lastly, we will review the credit markets to make sure that the stock market breakout is being supported by declines in corporate risk and a rising money of supply in the banking system.

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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