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Market & Portfolio Review: 2-21-23

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Navigating the Chop

After a frustrating 2022, it can be easy to get excited by a few strong weeks in the market and forget that market recoveries often encounter chop, defined by pullbacks in price. We don’t expect this recovery to be different and believe we are now entering a digestive period for stocks after a strong start in January for the market. In this week’s update, we will review the current pullback, what we think the market is trying to tell us, and how this recovery compares to prior pullbacks.

Key Takeaways

  1. Shallow market pullback appears organized without panicked distributions
  2. We think Europe remains an area of leadership – old economy over the new economy?
  3. We believe Energy is well set up if global consumption rebounds

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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