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An Up Market in a Down Economy?

Just a month or so ago, oil was trading around zero, the quarantine orders were in full effect, and since that time we’ve seen more bankruptcies and stress in the economy — especially with small businesses. Yet the market has seen gains from its lows, and now stands fewer than 10 percentage points behind where it was when all of this began. Why is that?

In this week’s edition of Lucia Capital Group Weekly, Ray Lucia Jr. speaks with Lance Helfert, portfolio manager and Senior Vice President of Lucia Wealth Services, about what’s going on with stocks and the market in general. They also discuss interest rates, and why ignoring the noise and simply focusing on what is actually observable may be one of the biggest keys to successful investing.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy (including the investments purchased and/or investment strategies devised by LCG) will be either suitable or profitable for a client's or prospective client's portfolio, thus, investments may result in a loss of principal. Accordingly, no client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from LCG or from any other investment professional.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Before investing, carefully consider an exchange-traded and/or mutual fund’s investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call your financial advisor. Read the prospectus carefully before investing.

Raymond J. Lucia Jr. is chairman of Lucia Capital Group (LCG), a registered investment advisor and CEO of its affiliated broker-dealer, Lucia Securities, LLC (LSL), member FINRA/SIPC. WCAM Private Client Management is a separate division of LCG, Lance Helfert is an associated person with Lucia Securities. Registration with the SEC does not imply a certain level of skill or training.

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