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Market & Portfolio Review: 11-25-19

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Don’t Overthink a Good Situation

As we prepare for the Thanksgiving holiday, the entire team at LifePro Asset Management would like to wish everyone a Happy Thanksgiving. We are incredibly thankful and grateful for all of our clients and advisor partners that entrust us to help make your long-term investment objectives a reality. Thank you for your trust and if there is anything we can do or assist with, please do not hesitate to call and we will be glad to assist.

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, assesses the current condition of the stock market and what an overbought condition has historically meant for future stock market returns, when combined with a similar interest rate and macroeconomic backdrop. 

Robert will also review liquidity conditions in the U.S. financial system and how asset prices behave when the supply of cheap money and the size of the U.S. Federal Reserve’s balance sheet begins to increase. Additionally, Robert will review the health of the U.S. labor market, along with breaking down employment trends across all income levels to determine whether the benefits of the current economic expansion is being widely distributed across the country.

We also review the health of the U.S. credit markets to determine the stability and sustainability of the current U.S. economic expansion, along with a quick check on relative and absolute stock market valuations. Lastly, we assess the current bull market and breakdown the various sources of return to determine whether speculation or fundamentals have been the key contributors to returns as we close out 2019.

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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