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Market & Portfolio Review: 11-18-19

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Avoiding Unforced Errors

In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, walks through how we navigate a stock market that is sitting at record highs and that sticking to a disciplined investment process is just as important in a strong market as it is during times of heightened uncertainty.

Robert also reviews the framework that we use at LifePro Asset Management to assess whether a stock market record high is a reflection of gathering fundamental and internal market strength, or if it’s a final push higher before succumbing to deteriorating health within the core pillars that support the stock market. Additionally, we review recent U.S. consumer spending data and take a look at how the U.S. labor market is behaving, along with a quick health check on the credit and lending markets.

We also review the level of liquidity and inflation in the financial system, how these factors impact future monetary policy, and whether the current direction of money supply and inflation expectations has been historically positive or negative for asset prices. Lastly, we take a close look at investor positioning, the level of cash on the sidelines, and how we are positioning client portfolios as a result.

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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