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Market & Portfolio Review: 12-11-20

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Can Stocks Continue to Rise?

It’s hard to believe, but 2020 is coming to an end. While the year will forever be characterized by pandemic, death, and political instability, it will also be remembered as a year that taught investors the importance of being active and nimble. Over the past 12 months, investors have experienced the death of a 10-year bull market, a vicious bear market, and then the birth of a new but divided bull market. The good news is that work suggests that we are in the early innings of this stock market recovery. 

Regardless of how you navigated the stock market in 2020, investors want to know what’s next and whether the stock market can continue to rise after such a sharp recovery. The bottom line is that this is great news for our investors as today’s pessimists are tomorrow’s optimists and represent future buying power that our work suggests can push stock prices higher in 2021. 

In this week’s stock market update, we will review the current stock market recovery and compare it to the 2009 recovery from a quantitative and qualitative standpoint to help gauge how much gas may be left in the tank after a sharp second half recovery. We will also review the direction breadth across the stock market, what short-term price momentum means for investors in December, and a final look at the impact of seasonality of stock prices in December.

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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