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Market & Portfolio Review: 10-30-23

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Why Are Stocks Falling? Will It Last?

In this week’s update we are going to try and review why stocks are falling despite healthy economic and corporate earnings data. We will also look at how the current stock market correction compares to prior pullbacks and where some of the longer risks within the market may be located. We will wrap it up by looking at the pullback in energy and cannabis stocks, discuss what’s impacting price and compare that to the fundamental developments across the sectors.

Key Takeaways

  1. We believe the S&P 500 remains in correction mode
  2. The top of the market remains an area of high risk
  3. Energy and Cannabis remain some of the cheaper and more attractive areas we can identify

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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