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Playing The Breakout

In this week’s stock market review, we will provide an update on the spread of COVID Delta variant cases and whether August 14th provided that much-desired peak in COVID growth rates.  Just as important, we will assess recent economic reports and whether the recent economic growth scare plays out in the real world or media hype.  Lastly, we will review different stocks in the portfolio to gain a sense of how actual stocks behaving relative to the broader market and economy.

Key Takeaways:

  1. COVID cases are now falling across a number of states
  2. Manufacturing & new order data VERY STRONG
  3. Breakouts are accelerating across the portfolio

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