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Market & Portfolio Review: 7-22-22

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The Battle of Midway Moment

In this week’s market update, we are going to talk about the importance of the Federal Reserve’s June meeting and whether this will go down as a Battle of Midway moment in the Fed’s war against inflation. Until June, the Federal Reserve was a hesitant inflation fighter resorting to a slow and steady approach to rate increases when a more aggressive approach was needed. The Fed made clear during the June meeting that the gloves were coming off with a historic 0.75% rate increase and made it clear that the FOMC would not rest until inflation was subdued. Since then, we have seen commodities collapse, interest rates drop, and inflation expectations collapse, accompanied by a short-term bottom in stock prices and riskier assets such as Bitcoin.

Key Takeaways

  1. June 15th appears to have marked a turning point in the war on inflation
  2. We see economic growth is slowing, and therefore we focus on growth stocks over value
  3. It seems the stock market is climbing up a wall of worry, but we want to see more panic buying to increase confidence a true low is in

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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