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In this week’s market and portfolio review, we will focus on the rolling stock market correction that is taking place under the surface of the stock market. We want to understand what sectors have already been hit and are set to recover versus those sectors that might be sold next. Lastly, we will walk through the potential impact of expiring jobless benefits on the economy and future consumer spending, and what that means for the bond market and overall asset allocation going forward. 

Key takeaways:

  1. Energy, Material and Financial stocks oversold
  2. Payrolls are set to expand over the coming months
  3. COVID Delta variants are NOT impacting activity

Robert Reaburn:  Executive Vice President and Head of Wealth Management at LifePro Asset Management.