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Market & Portfolio Review: 11-13-23

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Crude Awakening

As the stock market bounces off oversold levels, do stocks have enough gas left in the tank to challenge summer highs, or are we in a holding pattern until the next leg of the downturn in stock prices begins? In this week’s update, we will discuss our thoughts on the stock market bounce and the correction pattern that we have been in since August. We will also look at the selloff in oil prices, what we believe drove it, and what we see next for energy stocks over the short and long term.

Key Takeaways

  1. Be Careful with Short Cover Rallies.
  2. Everyone WANTS Rates DOWN → Pain Trade Higher?
  3. Just Remember That Oil Inventories Continue to Plunge…

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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