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Market & Portfolio Review: 1-7-21

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This Time is NOT Different

In the period leading up to the U.S. general election, many investors feared that certain election outcomes would throw the stock market into turmoil. While we sympathized with such fears, we also coached clients on the importance of separating the political distractions of D.C. from the substance and weight, such as corporate fundamentals that ultimately determine the direction of stock prices. Disciplined investors were rewarded in the month of November with one of the best months ever for stocks.

The bottom line is that it’s important to learn from history. The old adage that “this time is different” is one of the most dangerous phrases on Wall Street because it seeks to change the outcome when the variables remain the same. Similar to November, the election outcome in Georgia will lead to emotion and fear, but it won’t convert a good company into a bad company or vice versa. We will wake up tomorrow, order a coffee, google something online, and buy something completely unnecessary on Amazon. Stay focused on investing in companies leading positive, disruptive change and mute the T.V.

In this week’s stock market review, we will review our key takeaway for the week, along with a thorough performance review of the past year. Afterward, we will unveil our key investment themes for 2021, the impact of politics on stock prices, along with a discussion of how attractive stocks are priced relative to other asset classes. We will wrap everything up with a discussion of the warning signs we look for ahead of a potential bear market and whether those signals are flashing red or giving the all-clear.

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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