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Market & Portfolio Review: 9-30-21

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Shifting Tides

After a summer filled with uncertainty due to a surge in the COVID Delta Variant, data shows that cases are dropping, and it appears that confidence in the economic recovery is rising again. As the short-term distraction of COVID fades from view, we believe investors are shifting their focus toward stock market leadership and which sectors and themes are poised to accelerate in Q4. In this week’s update, we will review the impact of an economic reacceleration and rising interest rates on stocks and what it means for sector and investment style leadership moving forward.

Key Takeways

  1. Market leadership is shifting away from technology and toward energy and banks
  2. Expecting a fourth-quarter economic recovery to push interest rates higher → good for bank stocks
  3. Oil supplies continue to tighten → Positive for energy stocks

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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