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weekly-market-update-03-09-20

Market & Portfolio Review: 9-23-24

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After months of anticipation, the Federal Reserve has moved to cut interest rates by 50 basis points. Now that the Federal Reserve has taken this move, what does it mean for stocks and the broader economy? And most importantly, what does it mean for your money?

In this week’s update, we attempt to answer these important questions and take cues from the market and what market symptoms suggest for the prospects of a soft landing and a continuation of the bull market.

Key Takeaways

  1. The FOMC move to cut interest rates is important and we shouldn’t let the media noise distract us
  2. Market internals are suggestive of a soft landing
  3. Small and mid-cap growth stocks that have been left out of the rally may begin to catch up to mega-cap peers

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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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