Market & Portfolio Review: 12-23-19

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Insights, Resources

By Robert Reaburn
on December 23, 2019

Thankful Yet Vigilant

We want to start by thanking all of our valued clients and advisors for an amazing 2019 and wishing you all a Merry Christmas, Happy Holidays, and the happiest of New Years. While we are proud of the performance that we have delivered, none of that would have been possible without the tremendous support of our client advisor partners. Your faith to stick to a data-driven investment process despite the scary headlines at the end of 2018 was what made 2019 the success that it was, and for that, we are grateful and deeply thankful for all of you.

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn reviews the year that was and more importantly, the health of the long term bull market and how we are positioning client portfolios after such a strong period of returns throughout 2019.

Specifically, Robert will be focused the evolution of the current business expansion that began in 2009 and what the journey to current stock market highs tells us about the sustainability and health of the current bull market and how we are likely to adjust our approach to risk management in 2020 as a result. Second, we are going to update clients on short term investor positioning in the options and futures markets to help measure investor sentiment and risk exposures after a strong two-month run.

We are also going to review the various actions that the U.S. Federal Reserve took throughout 2019 and how the real economy is responding to lower interest rates as we head into 2020. As usual, we will also review the health of the U.S. credit and labor markets to verify that the foundation of the U.S. economy is stable. Lastly, we are going to discuss the outlook for inflation, along with a quick study on stock price volatility in both good and bad markets to help our clients navigate and separate noise from substance in 2020. Thank you again for all of your support, and have an amazing Christmas and holiday season.

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 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.