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Market & Portfolio Review: 1-17-23

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The Forest Through the Trees

With two weeks in the books for 2023, markets are continuing an attempt to heal after a brutal year. For us, we are staying focused on the big picture and avoiding immaterial headlines or data points that deflect our attention from what the market is trying to tell us through the price action. In this week’s market update, we will review what we believe a deflating technology bubble means for other areas of the stock market and what the price action over the past 6 months may be trying to tell us about which sectors and geographies may emerge from this bear market as long term leadership.

Key Takeaways:

  1. We think future areas of leadership tend to bottom ahead of the overall market 
  2. We believe there is a generational shift away from the top of the market to smaller sectors
  3. Unloved areas of the market from 2010 – 2021, we think are showing signs of leadership

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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