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Making The Turn

As COVID cases across the U.S. continue to drop and economic confidence begins to recover after a summer scare, we will discuss the implications for the client portfolios and how we have and plan to position client portfolios as we enter the fourth quarter.  Specifically, we will review which areas of the stock market tend to perform well during times of accelerating growth and rising long-term interest rates. Lastly, we will conduct a credit market health check and see how credit performed during the recent spate of stock market volatility.

Key Takeaways:

  1. Rising interest rates are positive for economically sensitive stocks
  2. A strong economy is leading to plummeting oil inventories and rising oil prices
  3. Credit markets remain strong despite market volatility

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