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Market & Portfolio Review: 11-24-20

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Rounding the Corner

As we head into the Thanksgiving holiday, we want to give thanks to all our advisor and client partners. We know that 2020 has been a challenging year at many levels for everyone, but through it all, you have placed your savings, business, and most importantly, your trust with us during a time of uncertainty and fear. We are thankful for this trust and are confident that as the economy recovers, the best days are yet to come. Thank you for your business, and have a wonderful Thanksgiving Holiday from everyone at the LifePro Asset Management family.

As the economy continues to reopen, the bottom line is that we want to stay focused on companies that are in a position of strength and dominating their competition. Stay focused on companies that are on the precipice of going from good to great and don’t get distracted by short term trash trades.

In this week’s market update, we will explore the impact of seasonality on stock market returns and what that historically has meant for the November through to December time-period. We also want to review the spread of COVID-19, its growth rate, and whether second derivative data lines up with the fear accompanying rising case counts across the country. Lastly, we will measure the health of the stock market by looking at symptoms such as breadth, relative asset price behavior, and corporate credit spreads across the bond markets.

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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