Never miss an update! Subscribe to LifePro Asset Management’s YouTube Channel!

Market & Portfolio Review: 10-23-23

Share on facebook
Share on linkedin
Share on twitter
Share on email

Buying and Selling Stocks During War

In this week’s Market & Portfolio Review, we provide an update on how we believe the ongoing stock market correction is impacting stock prices at the sector level and the overall breadth of the market during up and down days. Second, we want to review how various assets have responded to the ongoing conflict in the Middle East and whether any asset classes benefitting, such as oil, have longer-term tailwinds that could help them maintain price gains after the conflict ends. 

Key Takeaways

  1. We believe the S&P 500 remains in correction mode
  2. Energy is quietly outperforming (Short and Long Term)
  3. Interest rates hit 5% and Wall Street remains behind the Curve (We Think 5.25% is Next)

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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

Add Your Heading Text Here