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Market & Portfolio Review: 10-3-22

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The Queen is Dead

Nothing much has changed since our last weekly update. We remain defensive as the Federal Reserve continues to raise interest rates and reduce money supply year over year into an economic slowdown.

In this week’s market review, we update viewers on the historical impact of higher rates and shrinking money supply on valuation multiples. We will also review the historic events taking place in the British bond market and what we think are some of the important takeaways may be for asset allocation moving forward.

Key Takeaways:

  1. We think what happened in the UK is bad and not a sign of all systems go
  2. We believe days like Wednesday are typical short cover rallies during a bear market
  3. Our Growth Portfolio remains net short. We bought some gold and energy exposure

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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