2023 Market: Strong or Weak?

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Mike Wilson, Scott Wapner

Mike Wilson, Morgan Stanley

Becky Quick, Mohamed El-Erian

DISCLOSURES

Comparison of Reppond Investments, Inc.’s strategy to any stock market index is for illustrative purposes only. The volatility of the indices used for comparison may be materially different from the volatility of Reppond Investments, Inc.’s program due to differences in diversification and actual securities held by Reppond Investments, Inc. vs. the market indices. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or that you will not lose money.

Reppond Investments, Inc. does not make any representation that our strategies will or are likely to achieve returns similar to those shown in the performance graphs in this presentation. Reppond Investments, Inc. reserves the right to trade different funds within their strategies than those reflected in the models shown. You cannot invest directly in a stock market index, as these are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable, however Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of such data.

Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance would be profitable. The historical performance results for indices and index funds used as proxies for indices are provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual client or prospective client in determining whether the performance of Reppond Investments, Inc.’s strategies meets, or continues to meet, his/her investment objective(s). It should not be assumed that any Reppond Investments, Inc.’s strategy would correspond directly to any such comparative index.

Different types of investments and/or investment strategies involve varying levels of risk. There can be no assurance that any specific investment or investment strategy (including the investment strategies devised or undertaken by Reppond Investments, Inc. will be profitable for a client's or prospective client's portfolio. All performance results have been compiled solely by Reppond Investments, Inc. and are from sources we believe to be reliable. They have not been independently audited or verified.
Performance from live accounts since 2019 does include our maximum advisory fee of 1.5% per year. All other data and charts do not include a maximum advisory fee of 1.5% per year.
Performance results of the strategies developed by Reppond Investments, Inc. do not reflect the impact of federal or state income taxes a client would pay on gains in a taxable investment portfolio.

Reppond Investments, Inc. is a registered investment adviser. We may not transact business in states where we are not appropriately registered, excluded or exempt from registration. Individual responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

[tomgannon]

On the information regarding car payments. I noticed at the time we all received COVID money, that so many new cars showed up around town. I think that COVID money has caused consumers that used that money as a down payment on new vehicles, not realizing that the monthly payment would be something they could not afford, and thus the high rate of default. Bankers and dealers, when you applied for a loan, would not only check your credit status but also your ability to pay without defaulting. I don't believe that is happening any longer .

[haldriver]

Thanks Ben. I think the S&P has another 30+% to drop. Maybe not, but that's the only way I would tepidly step back in.

[seymourrivers]

Thank you Ben, I enjoyed this insightful episode

[quillowl]

Hello Ben.If you were to make a rough estimate, what percentage of investments in the Stock Market, do you think, is borrowed money, to make money?

[sukylally]

Thank you for the quality of work you produce and your honest and realistic inclusion of the negatives that prevail in this self inflicted economic downturn.

[douglaskim]

Thankmyou for anlther informative vid. I totally agree with you and will wait little longer before I invest.

[antares]

Did notice Cathy woods type stocks are going gangbusters. These types of stocks which make no money or at best negative returns and highly dependent on low interest loans you would think would be least likely to do this with interest rates where they are. Definitely feeling fomo. Still hoping to find a decent entry point back into the market. Not at these levels. Market seems to be totally manipulated. At some point something has to pop. Wonder where the oligarchs are going to rotate to next? Sure would like to ride on their coattails.