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Market & Portfolio Review: 1-28-21

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Ignore the Circus

The last year has presented challenges that few of us thought we would have to navigate, such as a global pandemic, U.S. political volatility, and now, Reddit bloggers wreaking havoc by igniting irrational and destabilizing rallies in heavily shorted stocks with little prospect for long term success. Fortunately for our clients, these types of stocks remain well outside the group of assets we consider investible. Moving forward, we remain focused on companies that are leading American innovation and set to disrupt their competition for years to come.

In this week’s market update, we will review the craziness of Reddit short cover rallies that swept the stock market, its impact on volatility, and what that means for the health of the stock market. We will also review the health of the reopening trade and its relative impact on secular growth stocks that can prosper in a variety of economic environments. Lastly, we will compare the current bull market to that of the late ’90s and what that may or may not portend for the stock market in 2021.

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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