McGowan Group: Recent Episodes
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Executive SummaryShocking Projected Spike in Q3 Economic Growth according to GDPNow. Record Q2 Earnings Growth.Headline Round Up! A global fast paced tour of the financial markets and top headlines this week.Your House Appreciation: North Texas Boom Tightens Real Estate Market. The Texas Energy Infrastructure Revolution: The global energy crisis of 2026-2027. The Ultimate Wealth Management Performance Report. Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!Boom! Q3 Economic Growth Spikes: 5.9% According to Atlanta Fed. AI Boom Transforming American Economy. Manufacturing Jumps to 4 Year High in July. TEXAS! SpaceX Accomplishment? 550% Increase in Capital Expenditures. Another $100 Billion in Stock Eligible for Sale. TEXAS! Anthropic and Google Borrow $15 Billion for Hubbard, Texas Data Center. Situational Awareness! Portfolio Collapsed As Wedding Guests Arrived: Citadel’s Portfolio Purchase Leads to a 14% July Gain. Real Estate Protegees: Undergraduates at Indiana Book 65% Profit on Warehouse Investment. AI Wild Ride: Sandisk Chopped in Half Before Reporting 134 Fold Gain in Profit. The 2026 Collapse in Japanese Yen Value and US Intervention? Carry Trade Impacts? Caterpillar Becomes Natural Gas Turbine AI Dynamo. Toast: 45% Profit Growth. Nvidia CEO Jensen Huang: Tesla and xAI “Perfect Position,” Massive Computing Power, Real-World Driving Data, and xAI Foundation Models. Overleveraging of the Week: HUT 8 Closes $4.25 Billion Bond Offering. IBM Claims New Era of Quantum Advantage. Big Law Big Money! $20 Million Per Year? *Stoooopid Things: Live Shopping App Whatnot’s Auctions Have Some Users Bidding Until They Are Broke. The Charts and Graphs Featured in This Week’s ShowUS Dollar versus Japanese Yen (8/7/2025 – 8/7/2026)– Courtesy of Bloomberg LP
Palantir Technologies Inc (8/8/2023 – 8/7/2026)– Courtesy of Bloomberg LP
Paycom Software Inc (8/8/2023 – 8/7/2026)– Courtesy of Bloomberg LP
Salesforce Inc (8/8/2023 – 8/7/2026)– Courtesy of Bloomberg LP
State Street SPDR S&P 500 ETF Trust (12/31/2025 – 8/7/2026).– Courtesy of Bloomberg LP
Recurrent MLP Infrastructure Fund (12/31/2025 – 8/7/2026).– Courtesy of Bloomberg LP
S&P 500 Index Earnings Analysis (5/16/2026 – 8/15/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.The 5-Step Inheritance ChecklistAllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!PIMCO: Tight Energy Markets-Little Room for Error
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Executive SummaryHeadline Round Up! A global fast paced tour of the financial markets and top headlines this week.Your House Appreciation: North Texas Boom Tightens Real Estate Market. The Texas Energy Infrastructure Revolution: The global energy crisis of 2026-2027. Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!TEXAS! DFW #1 Company Relocation Destination. TEXAS! North Texas Home Prices Bounce! TEXAS! Meta and Blackrock Partner on $14 Billion El Paso Data Center. TEXAS! Energy Stockpiles Dwindle to Critical Levels. Surprise! Big Companies Need MORE People to Work Alongside AI. Weekly Net Job Growth Continues. Nasdaq Smack! July Correction. JP Morgan: S&P Now Flashing A Buy Signal! Uh Oh! 30 Year US Treasury Yield Highest Since 2007. Economic Growth Slows to 1.5%, Below Average. Cashing Out! Nvidia, CoreWeave, And Other Executives Sell Hundreds of Millions Worth of Stock. Iran Hits Amazon Data Centers in Bahrain. Siri AI Smart Home Echo Show Launching. Is Your Facebook Psychic or Is Siri Listening? PPG and Sherwin Williams Cashing in On Data Center Build Out. Saudi Prince Takes 5% Stake in Loss Generating Lucid. Zoox! Amazon Gets Approval for 5,000 Robotaxis. Strategy! What’s The Strategy?CAVA Indigestion. A $2.2 Billion insider Trading CaseOverspending: SK Hynix Falls 24% in 3 Weeks Since ADR Launch. META Facebook Faceplant! *Hedgie Wedgie: AI Investor, Leopold Aschenbrenner Unwinds all Public Stock Positions After Steep Losses. The Charts and Graphs Featured in This Week’s ShowNetherlands TTF Natural Gas Futures Pricing in USD/MMBtu (1/1/2026 – 7/31/2026)– Courtesy of Bloomberg LP
S&P 500 Index Member Ranked Returns (6/30/2026 – 7/31/2026)– Courtesy of Bloomberg LP
State Street SPDR S&P 500 ETF Trust (12/31/2025 – 7/31/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (7/1/2026 – 7/31/2026)– Courtesy of Bloomberg LP
Meta Platforms Inc (12/31/2025 – 7/31/2026)– Courtesy of Bloomberg LP
State Street Energy Select Sector SPDR ETF (12/31/2025 – 7/31/2026)– Courtesy of Bloomberg LP
S&P 500 Index Earnings Analysis (5/16/2026 – 8/15/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.The 5-Step Inheritance ChecklistAllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!PIMCO: Tight Energy Markets-Little Room for Error
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Executive Summary*Headline Round Up! A global fast paced tour of the financial markets and top headlines this week.
*Capital Expenditures on steroids. What is ROIC? When will ROIC arrive?
*The Texas Energy Infrastructure Revolution: The global energy crisis of 2026-2027.
*Summer Wealth Planning Season: 10 Stages of Estate Planning and mid-year Tax Planning
Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!*TEXAS! Updates on The Global Energy Crisis and Worsening Shortages. Historically Low Inventories.
*TEXAS! Natural Gas: Europe Paying Nearly 7X US, Nearly 10X Permian NatGas.
*Oops Up Side Yo’ Head! SpaceX Shares Below $117, Down Over $500 Billion in Market Capitalization from Peak.
*US-Saudi Arabia: 30-Year Civilian Nuclear Agreement. American Companies Potential Large Profits.
*BitMEX Bankrupt: Crypto Exchange Pioneer of 100X Bitcoin Leverage.
*17 Analysts Rate Strategy MSTR A Buy?
*Rate Spike Danger Zone? 20 Year US Treasury Hits 5.2%.
*JP Morgan: Strongest Earnings Upgrades Are EU.
*Google Has $242 Billion in Cash.
*Tesla Falls 15% Thursday After Spending $5.8 Billion in Q2.
*Jobless Claims Lowest Since 1969.
*Bloom Energy Scandium Scandal.
*Wealthy Investors Customized ETF Reduce Capital Gains Taxes.
*Stupid Things People Do With Their Money: World Cup Tickets $10,000+ and Packages Up to $4 Million.
The Charts and Graphs Featured in This Week’s ShowS&P 500 Index Earnings Analysis (5/16/2026 – 8/15/2026)– Courtesy of Bloomberg LP
S&P 500 Index Member Ranked Returns (6/30/2026 – 7/24/2026)– Courtesy of Bloomberg LP
US Total Motor Gasoline Inventories: 2026 Weekly Data vs. 5-Year Average & Range (1/1/2026 – 7/17/2026)– Courtesy of Bloomberg LP
US Distillate Fuel Oil Inventories: 2026 Weekly Data vs. 5-Year Average & Range (1/1/2026 – 7/17/2026)– Courtesy of Bloomberg LP
US Commercial Crude Oil Inventories (Excl. SPR): 2026 Weekly Data vs. 5-Year Average & Range (1/1/2026 – 7/17/2026)– Courtesy of Bloomberg LP
US Natural Gas Futures (1/2/2026 – 7/24/2026)– Courtesy of Bloomberg LP
Dutch TTF Natural Gas Price in USD/mmBtu (1/1/2026 – 7/24/2026)– Courtesy of Bloomberg LP
State Street SPDR S&P 500 ETF Trust (1/2/2026 – 7/24/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.The 5-Step Inheritance ChecklistAllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Executive Summary*Headline Round Up! A global fast paced tour of the financial markets and top headlines this week.
*FIFA Football Fortunes! Top player’s net worth and country.
*The Texas Energy Infrastructure Revolution: Impact of Russian refinery decimation and Iran war updates.
*Summer Wealth Planning Season: 10 Stages of Estate Planning and mid-year tax planning updates.
Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!*TEXAS! Refiners Are Minting Money! Ukraine Taking Out Russian Refinery and Energy Infrastructure.
*TEXAS! 5 Energy Stocks Riding Texas Data Center Power Boom.
*Oops: SpaceX Shares Below IPO Price.
*Trump Vows to Escalate Attacks Until Iran Allows Strait of Hormuz Free Passage.
*Borrowing Spree: $250 Billion in AI Bonds.
*IBM Loses $69 Billion of market cap in One Day. AI Overspending and Earnings/Revenue Disappointments.
*BIG BANKS BIG PROFITS!
*June Deflation.
The Charts and Graphs Featured in This Week’s ShowS&P 500 Index Earnings Analysis (5/16/2026 – 7/16/2026)– Courtesy of Bloomberg LP
S&P 500 Index Member Ranked Returns (6/30/2026 – 7/16/2026)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Futures (12/31/2025 – 7/16/2026)– Courtesy of Bloomberg LP
Nymex First Month 321 Crack Spreads (7/17/2021 – 7/16/2026)– Courtesy of Bloomberg LP
DOE Total Change in US Crude Oil Inventories per Week over 5-Year Period (7/16/2021 – 7/10/2026)– Courtesy of Bloomberg LP
DOE Total Change in US Distillate/Refined Petroleum Inventories Weekly over 5 Years (7/16/2021 – 7/10/2026)– Courtesy of Bloomberg LP
US Distillate Fuel Oil Inventories: Recent Trend (2026) vs. 5-Year (2021–2025) Normal Range Context (2021 – 2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (Nasdaq 100 ETF) Daily Candlestick Chart (7/16/2021 – 7/10/2026)– Courtesy of Bloomberg LP
State Street SPDR S&P 500 ETF Trust Daily Candlestick Chart (6/30/2026 – 7/16/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.The 5-Step Inheritance ChecklistAllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Executive SummaryAccording to reports from both Russian and Western media, Ukrainian strikes have severely damaged Russian oil refineries. This has knocked out roughly 7% of global refined petroleum capacity—a disruption that will likely take years to repair.
Ukraine has expanded the range and the types of targets in Russia.No deal with Iran and the US. Strikes and counterstrikes continue.Refining crack spreads* at record levels.Oil resumes uptrend.The Future of Wealth Management.Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!Iran Ceasefire Over! Strikes and Counterstrikes. WSJ: Global Oil Market Not Ready for Ceasefire to End. TEXAS! Texas Stock Exchange, TXSE Trading Begins! TEXAS! Doomberg Report: Natural Gas Permian Basin on The Winning Side of the Ledger. Global Nuclear Power Capacity Set to Jump by 44% by . . .2036. Texas Power Demand Estimated to Double by . . . 2032. Korean Supertanker Tycoon Making Millions on Hormuz Dark Runs. Nvidia Lost $1 Trillion in Value in Under 2 Months. Who Needs Stocks? US 30 Year Bond Yield Dancing Above 5%. Positive Surprise: EV Battery Life and Range Exceed Expectations. Small Stocks Beating Big Stocks? SpaceX Not Fun Anymore: Most Aftermarket Investors at Losses. Elon Musk Unveils New AI Device PrototypeTEXAS! Toyota Tacoma Pick Up Trucks Moving From Mexico to Texas! Smucker’s $5 Billion Twinkie Bet Flopped! *Kuppy: Why I avoid Tech!? The Charts and Graphs Featured in This Week’s ShowTruflation United States Inflation (7/11/2021 – 7/9/2026)– Courtesy of Bloomberg LP
New York Mercantile Exchange First Month 321 Refining Crack Spreads WTI Oil Gasoline Heating Oil (7/12/2021 – 7/10/2026)– Courtesy of Bloomberg LP
State Street SPDR Dow Jones Industrial Average ETF Trust (12/31/2025 – 7/10/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 7/10/2026)– Courtesy of Bloomberg LP
State Street Energy Select Sector SPDR ETF (12/31/2025-7/10/2026) – Courtesy of Bloomberg LP
Marathon Petroleum Corporation (12/31/2025 – 7/10/2026)– Courtesy of Bloomberg LP
Russia Index (12/31/2025 – 7/10/2026)– Courtesy of TradingView
Financial Research Round Up!Get on the free subscription list today.The 5-Step Inheritance ChecklistAllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
McGowanGroup Wealth ManagementQ3 2026 Client Updates“If you can keep your head when all about youAre losing theirs. . .If you can wait and not be tired by waiting, . . .-Rudyard Kipling Executive SummaryThe Strait & The Supply: The aftermath of Operation Epic Fury.The Tech Horizon: Measuring the historic, AI-powered first half.Pockets of Froth: Identifying dangerous overpricing in the AI sector.Where institutional capital is potentially neglecting deep value.Summer Planning Season: estate and tax planning updates.Epic FuryOil traded from below $60 per barrel at the start of the year to over $115 per barrel after Epic Fury began.Negotiations, cease fires, strikes, and counterstrikes are the current established pattern with Iran.Global oil inventories have declined by an estimated 1 billion barrels, suggesting higher long-term prices and stronger cash flow estimates for oil and gas infrastructure.AI Powered Tech RallyTech stocks measured by the Nasdaq 100 index powered to a near 20% gain in the first half of 2026. Overall S&P 500 earnings growth for the first half of the year came it over 20%. Tech hyperscalers are on track to invest an unprecedented $1 trillion in AI infrastructure between 2025 and the end of 2027.Dangerous OverpricingDuring the second quarter of 2026, the successful SpaceX IPO raising over $80 billion sparked a tech rally after funding enthusiasm underscored the ability of companies to raise capital. AI mania has led to a group of debt-laden negative cash flow AI companies that have never made money being priced at 50-100 times revenue. WULF, CRWV, and CBRS are examples. Periods of market anxiety are not likely to be kind to unprofitable companies.Deep ValueThe frenzy of buying in a small group of tech companies is a contrast to areas left behind including profitable software, payment processors, dividend companies, and energy infrastructure. Rising dividends and stock buybacks underscore attractive opportunities for investors. Currently, the pipelines and energy infrastructure still appear underpriced relative to other sectors. In our estimations, data center electricity demand is an obvious choice for natural gas power generation. Nuclear holdings include profitable companies benefiting from the current build-out of increased capacity and data center demand.The FutureFor now, the economy is healthy and future inflation is expected to subside with the recent drop in oil prices. Economic growth in the first quarter was revised upward to 2.1%. Atlanta Fed estimates 1.2% for the second quarter. Job growth, according to ADP, added approximately 100,000 net new private payroll jobs each month for the past three months. The McGowanGroup Investment Committee (IC) meets each Wednesday morning to review and upgrade the model portfolios using an impressive, evolving, research process. Equity market rallies provide investors with the opportunity to raise Tactical Safety for future resilience as underperformers are harvested systemically. Pullbacks in market values for equity provide the opportunity to add high cash flow assets at attractive prices.New Wealth Management Client PortalState of the Art Applied Technology*Our performance tracking for clients started in the 1990’s along with customer relations management software. Each designed for relentless pursuit of reliable, superior client profits and excellence in service. We have received great feedback on the new Black Diamond Client Portal including the mobile app. Just call or email if you would like a refreshed link. Pershing BNY automatically feeds your statements and tax forms to Black Diamond, and your CPA is notified as they are added to the document vault. Summer Wealth Planning SeasonOur wealth managers during the Q3 reviews will include estate plan updates, beneficiary reviews, and coordination with your latest will and trust documents. Further, for 2026 tax planning, your mid-year tax summary will allow your CPA to update realized gain/loss, and income estimates including types of income.We remain committed to the mission of dedication to Superior Client Profits and Excellence in Service. Thank you for allowing us to serve you and your family!Spencer McGowan and The Team That Cares,*McGowanGroup Wealth ManagementJoin Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round Up!TEXAS! North Texas Home Price Start to Appreciate Again, Annualizing at 5.51% Over Last 90 days. TEXAS! April US Oil Production and Exports Hit Record with Distance! Q2 Profits Announcements at July End. TEXAS! Dell Shareholders Approve Legal Entity Move from Delaware to Texas. Crypto Spanking Intensifies: Bitcoin Drops Below $58k Per Coin.Anthropic Releases Claude Science for Automating Research. FDA Allows Zyn Nicotine Pouches to Claim Healthier Than Cigarettes. Blockchain Arrives! Open USD Stablecoin Endorsed by Visa, Mastercard, Blackrock, Google and Over 100 Other Companies. Circle Internet Group Plummets on Open USD News. Stuxnet on Steroids! CIA Director Ratcliffe: “AI Digital Nuclear Weapons Rewriting Reality of Conflict.”Productivity: Record Profit Margins for S&P 500.Crypto Winter: Strategy Abandons Never Sell Bitcoin. Small Caps First Half Best in 35 Years, 22%. Trillion-Dollar Borrowing Binge! Buy Low: Senior Housing King Runs $160 Billion Empire! Rare-Earth Boom Battles! *Comcast Spikes on NBCUniversal Spin Off. State Street SPDR Dow Jones Industrial Average ETF Trust (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
State Street Energy Select Sector SPDR ETF (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Terawulf Incorporated (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Terawulf Incorporated Financial Analysis (2022 – 2027)– Courtesy of Bloomberg LP
Bitcoin to United States Dollar Cross Rate (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
MicroStrategy Incorporated (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Generic First West Texas Intermediate Light Sweet Crude Oil Futures Contract (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Salesforce Incorporated (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Adobe Incorporated (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Automatic Data Processing Incorporated National Employment Report Seasonally Adjusted Private Nonfarm Level Change (12/31/2025 – 6/30/2026)– Courtesy of Bloomberg LP
Research Round Up!Get on the free subscription list today.AllianceBernstein: Deep Value Shines After Years of Tech Dominance!Cohen and Steers: Epic Fury Impacts on Real Assets!*Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Top Financial Questions This WeekQ: Potential economic and market impacts of oil falling below $70?Q: Stupid things people do with their money? Based upon valuations, this week’s top candidates?Q: McGowanGroup’s current bargain candidate watch list?A: Deep value and relatively high cash flow.Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!TEXAS! Morgan Stanley’s New Tower: $1.3 Billion at McKinney and Maple (Truluck’s and Gold Gym). TEXAS! Project Kilby: Chevron Strikes Power Deal with Microsoft for Pecos, Texas Massive Natural Gas-Powered AI Data Center. TEXAS! WSJ: Energy Stocks Could Be a Slick Trade.Micron’s Technology Inc. Profits Multiply 12 Fold! Crazy Rich Leveraged Asian Traders Contribute to Large Tech Sell Off. Manufacturing Expansion! Payment Processor Bear Market! Gold Breaks Below $4,000 Per Troy Oz.?WSJ: Polymarket’s Fake Bets, Fake Wins, Fake Videos. Top-Paid CEO’s Smash the $200 Million Payday. Big Spenders: Meta and Microsoft Lead $850 Billion Boom in Data Center Leases. Wendy’s Soars 42% on Reddit Post Driving Short Squeeze. Quantum Computing Is Here! Could Today’s Data Centers Be Obsolete in the Future? Private Equity Zombies? Strategy Inc’s Bitcoin Enigma! Chicago’s Quantum Park!*Guiness Beer Growth Trouncing Industry Decline. The Charts and Graphs Featured in This Week’s ShowMicroStrategy Incorporated (6/27/2024 – 6/26/2026)– Courtesy of Bloomberg LP
Space Exploration Technologies Corporation (6/12/2026 – 6/26/2026)– Courtesy of Bloomberg LP
Oklo Incorporated Market Capitalization versus Revenue (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Cerebras Systems Incorporated Market Capitalization versus Revenue (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Generic First West Texas Intermediate Light Sweet Crude Oil Futures Contract (12/31/2025-6/26/2026) – Courtesy of Bloomberg LP
Dell Technologies Incorporated (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Micron Technology Incorporated (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
International Business Machines Corporation (12/31/2025 – 6/26/2026) – Courtesy of Bloomberg LP
Adobe Incorporated (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Salesforce Incorporated (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 6/26/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.AllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!*Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Top Financial Questions This WeekQ: What does the successful initial public offering of SpaceX indicate for the future of the AI buildout? A: Generous funding for capital expenditures with Anthropic and Open AI filing for IPO’s as well.
Q: When will investors in AI companies actually get paid? A: We don’t know yet.
Q: McGowanGroup’s current bargain candidate watch list?A: Deep value and relatively high cash flow.
Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!*TEXAS! SPACEX! Valuation Tops $2 Trillion After IPO, 100 Times Revenue on Current Annualized Losses Over $7 Billion. SPCX Buys AI Coding Agent Cursor for $60 Billion in Stock.
*NORTH TEXAS! Named “Aerospace Defense Capital of The Country” according to Steve Howe, VP of Aeronautics Operations for Lockheed.
*TEXAS! Average Home Sales Prices Top $6 Million in Highland Park, $4 Million University Park, $1.5 Million Midway Hollow, and $1.2 Million Lakewood.
*Oil Executives Sound Alarm Over Dwindling Stockpiles.
*Strategic Petroleum Reserve Lowest Since 1983.
*Victoria’s Secret: Beautiful Transformation by Hilary Super.
*Adobe Delivers Great Results But their CFO Quits and Shares Get Pounded?
*Abridge and Nvidia: Medical AI Note Taking and Clinical Conversations.
*AI Price Wars?
*Retail Sales Spike .9% for May, 6.9% for Year, Defying Rumors of Consumer Stress.
*Goldman Sachs Mergers and Acquisitions Book a Record $1 Trillion So Far This Year.
*Want a Great Ferrari? Buy The Unpopular EV and Move Up on The Wait List!
*Trucking Slump is Over: Freight Rates Spiking.
*Meta Workforce Academy: Learn to Build Data Centers, Instead of Code?
*What is Token? How Much Does It Cost?
*10 Investment Truths for AI Investors.
The Charts and Graphs Featured in This Week’s ShowSpace Exploration Technologies Corporation (6/12/2026 – 6/18/2026)– Courtesy of Bloomberg LP
Dell Technologies Incorporated (12/31/2025 – 6/18/2026)– Courtesy of Bloomberg LP
Micron Technology Incorporated (12/31/2025 – 6/18/2026)– Courtesy of Bloomberg LP
Advanced Micro Devices Incorporated (12/31/2025-6/18/2026) – Courtesy of Bloomberg LP
United States Crude West Texas Intermediate Future Curve Analysis (6/16/2023 – 1/1/2037)– Courtesy of Bloomberg LP
Generic First West Texas Intermediate Light Sweet Crude Oil Futures Contract (12/31/2025 – 6/18/2026)– Courtesy of Bloomberg LP
State Street Standard and Poor’s Depositary Receipt Dow Jones Industrial Average Exchange Traded Fund Trust (12/31/2025 – 6/18/2026) – Courtesy of Bloomberg LP
Generic First Reformulated Blendstock for Oxygenate Blending Gasoline Future (12/31/2025 – 6/18/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 6/18/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.AllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!*Morgan Stanley: Artificial Intelligence: Ten Investment Truths.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Top Financial Questions This WeekQ: Global oil inventories?A: Estimate down nearly 1 billion barrels over the last 75 days according to Brian Kessens or Tortoise Capital..Q: Natural gas? A: Germany faces potential winter shortages. Q: TEXAS! SPACEX! Will the bottleneck of demand create a “top tick” price like Cerebras, CBRS, Satellogic, SATL? Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!TEXAS! Plano Home Prices Down Nearly 9%, H1-B Visa Crackdown mixed with mass tech layoffs Energy Inflation Drives CPI to 4.2%. Corning Shares Spike after Amazon AI Data Center Deal.CoreWeave Inc’s Founders Dump $2.3 Billion in Stock Since IPO. Bitcoin’s Worst Week Since FTX Crash. Meta Workforce Academy: Learn to Build Data Centers, Instead of Learning to Code? Tesla Robotaxi: Long Waits, Stalled Rides? Tokens = Computing Usage = New Currency in AI? AI Now More Expensive Than Laid-Off Human Labor It’s Replacing. AI Boom Driving San Francisco Boom in Home Prices. Manhattan AI Office Boom! How The AI Boom is Funded.The Charts and Graphs Featured in This Week’s ShowUnited States Crude West Texas Intermediate Future Curve Analysis (6/9/2023 – 6/11/2026)– Courtesy of Bloomberg LP
Generic First West Texas Intermediate Light Sweet Crude Oil Futures Contract (12/31/2025 – 6/11/2026)– Courtesy of Bloomberg LP
State Street Standard and Poor’s Depositary Receipt Dow Jones Industrial Average Exchange Traded Fund Trust (12/31/2025 – 6/11/2026)– Courtesy of Bloomberg LP
Generic First Reformulated Blendstock for Oxygenate Blending Gasoline Future Price (12/31/2025-6/11/2026) – Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 6/11/2026)– Courtesy of Bloomberg LP
Bitcoin to United States Dollar Cross Rate (6/12/2021 – 6/11/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.AllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!*The Era of Scarcity Is Here: The Resurgence in Natural Resource Equities
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Top Financial Questions This WeekQ: What is currently happening in the cryptocurrency markets?A: The top 10 Cryptocurrencies are down an average of well over 35% over the past year.
Q: What event underscores the Crypto selling?A: Strategy Inc. sold Bitcoin for first time since 2022 to make a debt payment after losing over $100 Billion in market capitalization.
Q: What are perpetual futures?A: Leveraged derivative gambling contracts.
Q: When should you do tax loss selling to reduce capital gains taxes? A: Now could be better than year-end.
Q: What is the “January Effect” and how could that set up trading opportunities in December? A: Tax loss selling pressure ends New Year’s Eve for out of favor categories.
Q: How much money have your clients made as a group overall?A: The McGowanGroup shows the net client profit for 25 years.
Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Headline Round Up!TEXAS! Musk-Linked Firm, WIT Tech LLC Buys Almost 10 Square Miles Outside of Houston Likely for SpaceX-Tesla Chip Plant.AI Trade Hits Overdrive Powering Stocks to Historic Gains. Employment Expansion: Job Openings Near 2 Year High. ADP: 122,000 Net New Private Payroll US Jobs Created in May. Credit Card Delinquencies: Over 13.12% 90 Days + Delinquent in First Quarter this Year, Highest in 15 Years. Space X IPO June 12th, $135 Per Share, $1.75 Trillion Valuation, Morningstar Says $780 Billion. Google Raising $84.75 Billion in Equity Offering for AI Spending. Blackstone Selling Seattle Skyscraper at a 54% Loss.Gated Community: Blackstone Private Credit Fund Caps Withdrawals at 5%. Private Credit Shakeout? KPMG Hires Anthropic Claude for Global Tax and Advisory Platforms Revamp.The Three Mideast Ceasefires Look Like War. Open AI and Anthropic IPO’s Coming in Second Half of 2026. Europe Poised for Possible Natural Gas Shortage in Winter. Victoria Secret Beautiful Again: Up 160% Over Past Year. Hillary Super, Super. Microsoft’s New Quantum Chip Targeting 2029 for Useful Machine. Trustee Bootcamp Retreat Lessons.*Key Insights on Datacenter Buildouts for AI.The Charts and Graphs Featured in This Week’s ShowState Street Standard and Poor’s Depositary Receipt Dow Jones Industrial Average Exchange Traded Fund Trust (12/31/2025 – 6/5/2026)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series One (12/31/2025 – 6/5/2026)– Courtesy of Bloomberg LP
Bitcoin to United States Dollar Cross Rate (6/6/2021 – 6/5/2026)– Courtesy of Bloomberg LP
MicroStrategy Incorporated (6/5/2024-6/5/2026) – Courtesy of Bloomberg LP
Blackstone Incorporated (6/5/2025 – 6/5/2026)– Courtesy of Bloomberg LP
Blue Owl Capital Incorporated (6/5/2025 – 6/5/2026)– Courtesy of Bloomberg LP
New York Federal Reserve Consumer Credit Panel and Equifax Percent of Balance Ninety Plus Days Delinquent by Loan Type Historical Analysis (2003-2026) – Courtesy of New York Fed Consumer Credit Panel/Equifax
Metaplanet Incorporated (6/5/2024 – 6/5/2026)– Courtesy of Bloomberg LP
Financial Research Round Up!Get on the free subscription list today.AllianceBernstein: Deep Value Shines After Years of Tech Dominance! Cohen and Steers: Epic Fury Impacts on Real Assets!*The Era of Scarcity Is Here: The Resurgence in Natural Resource Equities
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Q: What are some possible outcomes in the financial markets from Middle East hot war?Q: What have some prior patterns in the equity markets and oil markets looked like during Middle East escalations?Q: Are there potential energy infrastructure updates of interest for investors?Q: What did the Federal Reserve say this week regarding interest rates?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round Up!The Dow Jones Industrial Average Index Falls Below 41,900, Now Down 2% for 2025 So Far.Oil Prices Spike to $77 a Barrel, Its Highest Level Since January? JPMorgan Says Oil Could Hit $130 But Sticks to $60 Forecast? Says $60? Will Iran’s Oil Facilities Be Attacked By Israel? Qatar Delays LNG (Liquefied Natural Gas) Ships Outside the Hormuz Strait Until They Are Ready to Load While Iran Threatens to Close It?Trump Calls Federal Reserve Chairman Jerome Powell “a Stupid Person” After Calling Him “Mr. Too Late, Total Loser,” and Then “A Fool”? The Federal Reserve (The Fed) Holds Rates Steady Predicting Tariff Inflation? The Fed’s Latest Projections Show Inflation Rising and a Second Half Slowdown or Recession With One or Two Interest Rate Cuts Before Year End?Southern Company Makes Next Generation Nuclear Fuel History. British Aerospace Group Rolls Royce is Building Britain’s First Small Modular Reactors. Intercontinental Exchange, Parent Company of the New York Stock Exchange (NYSE), to Dual List on NYSE Texas! Big AI (Artificial Intelligence) Bonuses as OpenAI CEO Sam Altman Says Meta Offered OpenAI Staffers Signing Bonuses Upwards of $100 Million!28 Year Old Scale AI Co-Founder Alexandr Wang’s $5 Billion Cash & Equity Deal with Meta in Addition to Meta’s $14.3 Billion Investment with Scale!Defense Industry Overhaul: OpenAI Wins One Year $200 Million Defense Contract!OpenAI and Microsoft Arm Wrestle Over Partnership With Potential Anticompetitive Accusations?Broadcom Tops $1 Trillion Valuation Rising More Than 340% Since the Start of 2023. Tesla Pivots to Robots, AI, and One Million Driverless Cars by the End of 2026? Real Estate Inflection Point as There Are 500,000 More Sellers Than Buyers in U.S. Housing Market This Past April? Regencell Bioscience Holdings Limited, a Biotech Penny Stock Focused on Herbal Medicine, Worth $26 Billion With No Sales?MSTR, Strategy, Issues Preferred Stock to Buy More Bitcoin!The McGowanGroup’s Total Return Units Allocation Pie Chart (06/20/2025)– Courtesy of The McGowanGroup
Generic Crude Oil Futures Spot Price – Daily (06/20/2024 – 06/20/2025)– Courtesy of Bloomberg LP
Generic Natural Gas Futures Spot Price – Daily (06/20/2024 – 06/20/2025)– Courtesy of Bloomberg LP
Chicago Board Options Exchange 10 Year Treasury Note Yield Index – Daily (06/20/2024 – 06/20/2025)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Spot Price, SPDR Energy Select Sector Fund, & SPDR S&P 500 ETF (Exchange Traded Fund) Trust – Daily (01/01/2022 – 12/30/2022)– Courtesy of Bloomberg LP
U.S .Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted & Generic Crude Oil Futures Spot Price – Monthly (06/25/2005 – 06/20/2025)– Courtesy of Bloomberg LP
Profit ReportTrouble in Margaritaville? Jimmy Buffett’s $275 Million Estate Battle Featuring The Overpaid, Stingy, Underperforming Trustee!Research Round Up!Get on the free subscription list today.PIMCO: New Global OrderPIMCO: The U.S. Consumer is Healthy*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What stories appeared to surprise the financial markets so far in 2025?Q: What are some lessons for investors during the first half of the year?Q: Who really owns the U.S. debt?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletter
Secrets to Warren Buffett’s Success and The Most Successful 60 Year Track Record in Money Management History.
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Author Dean “PappaDean” McGowan About His New Book: Keeping Your Money – Real Advice on Wise Investing! Don’t Miss the Special Chapter “Stupid Things People Do with Their Money”After receiving his BS in Business Administration with a minor in engineering from UT Austin in 1960, author Dean McGowan began his journey in wealth management as a financial advisor and mutual and pension funds manager with Schneider, Bernet & Hickman, where he was the youngest partner in the firm throughout the early seventies. In 1974 McGowan joined Paine Weber as assistant branch manager and went on to found the North Dallas branch of what later became UBS Financial Services. Before retiring from UBS in 2019, McGowan would also found the McGowan, Vehslage, and Goldberg advisory group (MVG Wealth Management).McGowan also proudly served three years on the New York Stock Exchange committee, during which he and other committee members rewrote the entire battery of three thousand questions for the Series 7 (General Securities Representative) Exam, whose passing completion is required by brokers and other financial professionals in the U.S.Volunteering in his community has remained equally important to McGowan. For ten years he served as a board member of the UT Dallas Naveen Jindal School of Management in Richardson, Texas, where he mentored MBS students for eight years and served as a member of the school’s financial department for four.McGowan has additionally been grateful to have had the privilege of serving as Treasurer, Chairman of the Elders, and Chairman of the Board for Community Christian Church in Richardson, as well as teaching Sunday school and serving in a lifestyle-coaching role for several years at Christ United Methodist Church’s Project Hope in the city of Plano.Chicago Board Options Exchange 10 Year Treasury Note Yield Index – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
Atlanta Federal Reserve Real GDPNow Estimate for Q2 2025 (06/09/2025) – Courtesy of Atlanta Federal Reserve
SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Index ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Member Ranked Returns Year to Date, Best & Worst Performing (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
U.S .Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (06/12/2020 – 05/31/2025)– Courtesy of Bloomberg LP
Palantir Technologies, Inc. – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
Bitcoin Currency Spot Price – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
BWX Technologies, Inc. – Daily (12/31/2024 – 06/11/2025)– Courtesy of Bloomberg LP
Research Round Up!Get on the free subscription list today.PIMCO: The U.S. Consumer is HealthyBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What good economic news shocked investors this week? Q: Which factors contributed to the increase? Q: What steps is the Federal Reserve likely to take between now and 2026?Q: What could potential changes mean for the markets? Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterFinancial Market Headline Round UpAtlanta Fed Raises Q2 Real GDP Estimate to 3.8%. ECB Cuts Rates to 2% due to slowing inflation and potential tariff impacts. Why Is Jerome Powell Still 4.3%? Job Openings Increase 190,000 in April. Trade Deficit Chopped in Half due to Record Drop in Imports. Xi and Trump Talk Trade and Rare Earths on The Phone!!Congress Kills Global Corporate Tax From Organization for Economic Cooperation.Crypto Firm Circle, issuer of USDC Stablecoin, Soars in IPO! Elon Musk and President Trump Have Huge Bromance Spat Over Big Beautiful Bill’s Lack of Spending Cuts. Tax Bill Hikes Taxes on Endowments, MIT Increases From $27M to $411M. Success Story: Oklahoma City Thunder Dominating NBA. Clay Bennett and GM Sam Presti Lead the Way. 401k Savings Rates Hit Record High 14.3% for First Three Months this Year. Steel and Aluminum Prices Soar on Doubling of Tariffs. Dumb: Muni Bonds Issued for Manure to NatGas Project Default. Nuclear Renaissance: Meta Signs 20 Year Deal with Constellation Energy for Clinton, IL Plant Renovation. Texas! Highland Park Ascension: One of the Priciest Homes for Sale in Texas Lists for $34.5 MillionGalveston Rising! With 2 Million Cruise Guests Per Year, Fastest Growing Cruise Port in The Nation. *Texas Stock Exchange On Track for 2026 Debut SPDR Standard & Poor’s 500 Index ETF (Exchange Traded Fund) – Daily (12/31/2024 – 06/06/2025)– Courtesy of Bloomberg LP
Atlanta Federal Reserve Real GDPNow Q2 2025 Estimate – Courtesy of Atlanta Federal Reserve
US Consumer Price Index Year-over-Year Daily (06/30/2020 – 04/30/2025)– Courtesy of Bloomberg LP
European Central Bank Deposit Facility Announcement Rate Daily (06/08/2020 – 06/05/2025)– Courtesy of Bloomberg LP
Bloomberg Federal Funds Rate Forecast (01/01/2020 – 01/01/2028)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (12/31/2024 – 06/06/2025)– Courtesy of Bloomberg LP
Profit ReportTrading Pattern: Tariff Decline, Negotiation Rally. Likely Fed Rate Cuts Impact? Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep ValueAllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What was this week’s ruling on the Trump administration’s current tariffs from the Court of International Trade?Q: What does the ruling potentially mean to investors about the U.S. economy and the equity markets?Q: What exactly is inside Trump’s One Big, Beautiful Tax Bill?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterTexas Round Up! Texas Legislature About To Go All In On Texas Based Films. Taylor Sheridan, Matthew McConaughey, and Woody Harrelson Rejoice!North Texas Home Prices Stalled! Prices Up 0.19% in Appreciation From a Year Ago?Houston’s Power Provider NRG Energy Up 70% In 2025. How Does it Really Make Money?Blackstone Infrastructure, a unit of Private Equity Giant Blackstone, Buying Publicly Traded Albuquerque company TXNM Energy, Inc., Owner of Utilities in New Mexico & Texas, for about $5.7 Billion.Galveston Texas Gets First Bunkering Permit on U.S. Gulf Coast to Fuel Ships with LNG (Liquified Natural Gas).Headline Round Up!Hot Tech Merger: Data Management Software Firm Informatica Spikes on Salesforce Buyout for $8 Billion & Salesforce Plunges. Nvidia Reports 69% Revenue Gain and 31% Adjusted Net Income for Q1 2025. Trump Working on “TAKING THESE AMAZING COMPANIES PUBLIC…” as FNMA (Fannie Mae) Up Over 209% and FMCC (Freddie Mac) Up Over 132% for 2025 So Far! Utah Uranium Mine Fast Track Approval Given After 14 Day Environmental Review?Crypto Engine On Steroids! Strategy, Formerly MicroStrategy, Selling Stock, Borrowing Money, & Levered Up, Right Now, For a 26% Gain for 2025. Will it pay off?YouTube TV Dominating Netflix and Amazon Prime as TV Service of Choice! Elon Musk Leaves Government Role With DOGE to Focus on Businesses He Runs.Invesco QQQ Trust Series 1 – Daily (12/31/2024 – 05/30/2025)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Index ETF (Exchange Traded Fund) – Daily (12/31/2024 – 05/30/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2025 – 05/15/2025)– Courtesy of Bloomberg LP
Berkshire Hathaway Annual Report – Berkshire’s Performance vs. The S&P 500 Index, pg. 14 (12/31/2024)– Courtesy of Berkshire Hathaway, Inc.
Berkshire Hathaway Annual Report – Berkshire’s Performance vs. The S&P 500 Index, pg. 15 (12/31/2024)– Courtesy of Berkshire Hathaway, Inc.
S&P CoreLogic Case-Shiller U.S. National Home Price Seasonally Adjusted Index (05/30/2024 – 03/31/2025)– Courtesy of Bloomberg LP
S&P CoreLogic Case-Shiller Dallas Home Price Seasonally Adjusted Index (05/30/2024 – 03/31/2025)– Courtesy of Bloomberg LP
S&P CoreLogic Case-Shiller Dallas Home Price Seasonally Adjusted Index (05/30/2020 – 03/31/2025)– Courtesy of Bloomberg LP
Profit ReportWarren Buffett retires as CEO of Berkshire Hathaway!Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What massive money flows impacted the U.S. Treasury market and U.S. Equity markets this week?Q: What are some bond strategies that led to success from 1999 – 2009?Q: What do Moody’s Ratings and Federal Reserve Chairman Jerome Powell have in common?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpMoody’s Downgrades the U.S. to Aa1 from Aaa, But With a Stable Outlook!?Federal Reserve Officials Give Speeches Touching on Economic Activity, the Labor Market, Inflation, Along with Economic Outlook and Monetary Policy.Institutional Selling of Long U.S. Treasuries Spikes 30 Year Yield Over 5.1%.Dow Jones Industrial Average Falls 900 Points on Wednesday? Cryptomania? Bitcoin Tops $106,000 Per Coin on Tuesday. Big Fat Beautiful Bill Increases Deficit by 3 Trillion Passes House & Now Goes to Senate? Buyer Beware as New Private Credit Pitch Uses Modern Portfolio Theory. Tariffs on Asian Solar Gear 3,521% After Panel Vote?Portland’s Largest Office Tower Value Falls 80% Below What Owner’s Paid For it a Decade Ago. Cathie Wood’s Ark Invest Goes Nuclear. Leon Cooperman, Heavily Invested in Energy, Latest MLP (Master Limited Partnership) Addition is Sunoco, LP! Texas! North Texas Winner! Landsea Homes to Go Private in $1.2 Billion Cash Deal!Abilene Texas is Home of Open AI’s Biggest Data Center & Secures $11.6 Billion in Funding. Blackstone Infrastructure, a unit of Private Equity Giant Blackstone, Buying Publicly Traded Albuquerque company TXNM Energy, Inc., Owner of Utilities in New Mexico & Texas, for about $5.7 Billion.*Galveston Texas Gets First Bunkering Permit on U.S. Gulf Coast to Fuel Ships with LNG (Liquified Natural Gas).NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Michael D. Rubin, CEO & Founder of MDR & Associates, on Maximizing The Value of Your North Texas Business!
Mr. Rubin is responsible for the overall vision of MDR & Associates and has expanded the firm’s reach significantly over the last decade by opening offices in Dallas, Houston and the main corporate headquarters in Frisco. He is an accomplished sales coach who possesses a high level of negotiating skills, closing skills and overall deal making abilities. Mr. Rubin possesses a long-term, high integrity approach to each and every client we serve. He has two grown boys and has been married to his beautiful wife of over 27 years. Mr. Rubin is active in his local church and enjoys giving his time, treasure and talents to his foundation, his church body and his community in Frisco.MDR & Associates is a boutique M&A Advisory firm with offices in Dallas, Fort Worth, Frisco, Austin, Houston and San Antonio. We specialize in selling companies with revenues between $1,000,000 and $100,000,000 in the manufacturing, distribution, service and construction industries. We offer a complimentary discovery meeting and free opinion of value to our clients. Our firm was founded on 3 core principals: High Integrity, Transparency and Confidentiality in all business transactions. Our principals have completed over 200 transactions since inception and we are growing rapidly each and every year. Simply put, that means if we do not successfully complete a transaction, you owe us nothing. We strive to be your ultimate resource when contemplating a recapitalization or sale of your Texas-based company. Contact us today to receive a complimentary opinion of value!Chicago Board Options Exchange 30 Year Treasury Bond Yield Index – Weekly (05/26/2015 – 05/23/2025)– Courtesy of Bloomberg LP
iShares 20+ Year Treasury Bond ETF (Exchange Traded Fund) – Weekly (05/26/2015 – 05/23/2025)– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 05/23/2025)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (05/24/2020 – 04/30/2025)– Courtesy of Bloomberg LP
The McGowanGroup’s Total Return Units Allocation Pie Chart (05/16/2025)– Courtesy of The McGowanGroup
PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (Exchange Traded Fund) – Monthly (10/30/2009 – 05/23/2025)– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. – Daily (12/31/1998 – 12/31/2009)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Monthly (01/01/2018 – 12/31/2019)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (01/01/2018 – 12/31/2019)– Courtesy of Bloomberg LP
Profit ReportWarren Buffett retires as CEO of Berkshire Hathaway!Preston’s LaneThe controversial & alleged luxury fashion scandal of 2025 along with the Chinese takedown of European brands!Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Michael D. Rubin, CEO & Founder of MDR & Associates, on Maximizing The Value of Your North Texas Business!
Mr. Rubin is responsible for the overall vision of MDR & Associates and has expanded the firm’s reach significantly over the last decade by opening offices in Dallas, Houston and the main corporate headquarters in Frisco. He is an accomplished sales coach who possesses a high level of negotiating skills, closing skills and overall deal making abilities. Mr. Rubin possesses a long-term, high integrity approach to each and every client we serve. He has two grown boys and has been married to his beautiful wife of over 27 years. Mr. Rubin is active in his local church and enjoys giving his time, treasure and talents to his foundation, his church body and his community in Frisco.MDR & Associates is a boutique M&A Advisory firm with offices in Dallas, Fort Worth, Frisco, Austin, Houston and San Antonio. We specialize in selling companies with revenues between $1,000,000 and $100,000,000 in the manufacturing, distribution, service and construction industries. We offer a complimentary discovery meeting and free opinion of value to our clients. Our firm was founded on 3 core principals: High Integrity, Transparency and Confidentiality in all business transactions. Our principals have completed over 200 transactions since inception and we are growing rapidly each and every year. Simply put, that means if we do not successfully complete a transaction, you owe us nothing. We strive to be your ultimate resource when contemplating a recapitalization or sale of your Texas-based company. Contact us today to receive a complimentary opinion of value!
Q: What are some of the top performing stocks and categories so far in 2025?Q: What are some of the bottom-of-the-barrel declines so far in 2025?Q: What potential trading pattern has been emerging since April 1st?Q: Did U.S. inflation numbers spike in April because of Trump’s tariffs?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpDow Jones Industrial Average Index Spikes This Week on U.S./China Trade Negotiation Progress. Trumps Middle East Tour & It’s Economic Impacts! Perplexity AI (Artificial Intelligence) Valuation Surges to $14 Billion in Fresh Funding Raise.Producer Price Index Deflation for April While Consumer Price Index Inflation Nears Federal Reserve’s 2% Target. U.S. Collected $16.3 Billion in Customs Duties During April!Federal Reserve Chairman Jerome Powell Warns of Higher Longer Term Interest Rates Due to “Supply Shocks” From Administration’s Policy Challenges While Ignoring Healthy April Numbers? D.C. Washington Homes for Sale Surge 25% Amid Federal Layoffs & Zillow Now Anticipates 2025 Home Price Declines vs. Previously Expected Modest Increase. April Home Listings Highest Since 2019, But Spring Homebuying Season Slowest Since The Pandemic in 2020?Manhattan, New York and Connecticut Housing Markets Are Hot While Texas and Florida Not? UnitedHealth Group’s Care’s Very Bad Horrible Week. Meet The New CEO of UnitedHealth Andrew Witty, Same as The Old Boss?Caveat Emptor: Apollo Global Management, Inc. and Franklin Templeton to Offer Private Assets for 401k’s? Chinese Money Launderers Move $50 Million in Cash Over Four Years Buying Dollars from the Sinaloa Drug Cartel at a Discount & Selling Them at a Premium Largely to Chinese Nationals! Illicit cash floods U.S. banks California branches!Hertz Global Holdings, Inc. Shares Hurt After Worse Than Expected Q1 Losses. Draft Executive Orders Considered to Speed Nuclear Plant Construction Leaning on the U.S. Military. South Korea Winner of Nuclear $9 Trillion Comeback as Country Builds Best Large Scale Atomic Energy Industry Outside of China & Russia. Pharmaceutical Stocks Lower on Trump’s Vow to Cut U.S. Drug Prices!Warren Buffett Reveals Why He Stepped Down As CEO of Berkshire Hathaway! TikTok Platform Goes Viral: Chinese Manufactures Offering Luxury Brands Direct to American Ladies? Did Katrina get her “Chui Vuitton” Purse Yet?SPDR Standard & Poor’s 500 ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 05/16/2025– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (04/01/2025 – 05/16/2025)– Courtesy of Bloomberg LP
The Atlanta Federal Reserve GDPNow Real GDP Estimate for Q2 2025 (05/16/2025)– Courtesy of The Atlanta Federal Reserve
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (04/30/2023 – 04/30/2025)– Courtesy of Bloomberg LP
U.S. Producer Price Index – Finished Goods, Seasonally Adjusted, Month over Month (04/30/2023 – 04/30/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Member Ranked Returns YTD (12/31/2024 – 05/16/2025)– Courtesy of Bloomberg LP
The McGowanGroup’s Total Return Units Allocation Pie Chart (05/16/2025)– Courtesy of The McGowanGroup
Profit ReportWarren Buffett retires as CEO of Berkshire Hathaway!Preston’s LaneThe controversial & alleged luxury fashion scandal of 2025 along with the Chinese takedown of European brands!Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What are some probable catalysts powering this week’s equity market rally?Q: Is the current equity rally a “head fake” for investors?Q: What are some sectors of the equity markets did the McGowanGroup find potential bargains during the 2025 corrections?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpTrump Announces Trade Framework with the United Kingdom as ”Breakthrough” Bringing Down Trade Barriers.India Hikes U.S. Crude Oil Imports by 67% in March to Replace Russian Volumes? Wall Street Journal’s Editor at Large Gerard Baker Says, “Have We Dodged the Tariff Disaster”? Likens Trump Tariffs to Brexit?EU Targets $113 Billion of U.S. Goods with Tariffs If Trade Talks Fail. Federal Reserve Chairman Jerome Powell Holds Interest Rates Steady Even After Insults of ”Mr. Too Late”, “Total Loser” & “Fool” From Trump.DoubleLine Capital’s CEO/CIO Jeffrey Gundlach on Private Credit Driven Liquidity Issues, Federal Reserve Uncertainty & The Waning Momentum of American Exceptionalism. * Billionaire Investor Paul Tudor Jones Thinks Stocks Are Set to Fall?Wall Street Journal’s Editorial Board Asks, “Where’s That Maximum Pressure On Iran”?Feel The Power! Constellation Energy Jumps 12% on Verge of Signing Long-Term Nuclear Deals on Heels of $16.4 Billion Calpine Takeover. Canada Goes Nuclear as First of G-7 Nations to Build Small Modular Reactors. EU Wants End To All Russian Energy Imports by 2027! Will U.S. Liquefied Natural Gas (LNG) Exporters Celebrate?Record Stock Buybacks as Corporate America Repurchase Announcements Surpass Over $500 Billion in in Last Three Months!WeightWatchers (Rebranded as WW International, Inc.) Ballooned Up with Debt & Pops into Bankruptcy from GLP-1 Success.Texas! *Port Aransas Texas Home Prices Explode as Wealthy Texans Purchase Second Homes!SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (05/05/2025 – 05/09/2025)– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 05/09/2025)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 – Daily (12/31/204 – 05/09/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2025 – 05/15/2025)– Courtesy of Bloomberg LP
The Atlanta Federal Reserve GDPNow Real GDP Estimate for Q2 2025 (05/08/2025)– Courtesy of The Atlanta Federal Reserve
The McGowanGroup’s Total Return Units Allocation Pie Chart (05/09/2025)– Courtesy of The McGowanGroup
Profit ReportWarren Buffett retires as CEO of Berkshire Hathaway!Preston’s LaneThe controversial & alleged luxury fashion scandal of 2025 along with the Chinese takedown of European brands!Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What did some of the economic reports on GDP (Gross Domestic Product) this week potentially tell us as investors?Q: What are some likely attractive bargains that have been created for investors during the 2025 bear market?Q: What is really happening to the price of your house, currently?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpQ1 2025 Tech Earnings Spike Equity Rally! Economy Shrinks -0.3% in Q1 While Q2 Estimates are Currently Forecasting 1.1% Growth.Inflation Stalled & Did Not Rise for March & Consumer Spending Up 0.7% Suggesting Spending Before Tariffs Take Hold! Fed rates too high?Job Growth Slowed to Lowest Pace in 9 Months Potentially Creating Lower Wage Push Inflation? Home Prices Up 3.9% Nationally from Year Ago & Dallas 0.9% For the Same Timeframe!China’s Export Orders Plunge Hit By Trump’s Trade War. Shorenstein Properties: Brandon Shorenstein’s Baptism by Fire in Office Empire Inheritance. 110-Hour Work Weeks for Young Bankers at Boutique Firm Robert W. Baird? Goldman Sach’s CEO, David Solomon, Says Markets will “Settle Down”, But States, “The Policy Actions to Date Have Raised the Level of Uncertainty to a Degree That I Don’t Think is Healthy”.Buyer Beware: DFW Ponzi Scheme Took $91 Million from Investors!Merck Investing Up To $1 Billion on New U.S. Factory in Delaware? Palo Alto Expands By Acquiring AI (Artificial Intelligence) Game Changing Security Company. GM Slashes Guidance With Up to $5 Billion Hit from Tariffs. First Solar Fried as CEO, Mark Widmar, Says Trump Tariffs Pose “Significant Economic Headwind”! Palantir Intelligence-Gathering Truck Rated a Winner by Army. Ebay Earnings Up 10% in the Current Quarter While Stock Spikes to a 10% Gain for 2025 So Far.Texas! Realtor.com Ranks NY in Bottom 3 States for Affordability While Texas Ranks in Top 3! MercadoLibre Asking Shareholders to Move Incorporation from Delaware to Texas!The Atlanta Federal Reserve GDPNow Real GDP Estimate for Q1 2025 (05/01/2025)– Courtesy of The Atlanta Federal Reserve
SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 05/02/2025)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 – Daily (12/31/204 – 05/02/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2025 – 05/15/2025)– Courtesy of Bloomberg LP
S&P CoreLogic Case-Shiller – U.S. National Home Price, Non Seasonally Adjusted Index, Monthly (02/28/2023 – 02/28/2025)– Courtesy of Bloomberg LP
S&P CoreLogic Case-Shiller – Dallas Home Price, Non Seasonally Adjusted Index, Monthly (02/28/2023 – 02/28/2025)– Courtesy of Bloomberg LP
Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: Are bonds the answer for investors right now in the financial markets?Q: What are some possible outcomes for technology stocks due to the recent bear market?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpU.S./India Trade Agreement Road Map Announced by Vice President J.D. Vance and Prime Minister Narendra Modi. Rush to Beat Tariffs: Durable Goods Orders Spike 9.2% in March. Nationally, New Home Sales Surged 7.4% in March.Existing Home Sales Nationwide Fall 5.9% in March.Top Home Price Forecasters, Analysts from Moody’s & First American Financial Corp., Warn Housing Market’s Days of Big Gains Are Over. Solar Stocks Bake Under Trump Tariffs & Administration’s Energy Agenda. Wind Blows It as Administration Cancels Major Offshore Wind Project in New York & DOGE Cancels 10 Billion in Energy Transition Project Funding!Cinco De Mayo Begins Collections on Defaulted Student Loans.Trump Calls Federal Reserve Chairman Jerome Powell “Mr. Too Late, a major loser” While Gold Hits $3,500? Warren Buffett’s Amazing Timing on Apple Stock Sale. Texas! Dallas Stars Capitalizing on Stanley Cup Playoff Return with Victory + Streaming Service, Real Estate Developments in Victory Park Area, and Fan Base Expansions. DFW Ranked #1 in the Nation for Closed Home Sales in March! Arlington Texas Based D.R. Horton Cuts Remaining 2025 Outlook on Soft Consumer Demand, Elevated Mortgage Rates & Tariffs. Dallas Based Texas Instruments Stock Spikes on First Growth Report in 2 Years. Austin Based Cirrus Logic Stock Spikes This Week.Texas Based Packaging Company Saves Start Up Orka Beverage from Bankruptcy By Solving Their Biggest Obstacle. *Aggies TRIP (Trading, Risk, and Investments Program) Degree Coveted by Energy Industry with $110k per Year Median Salaries for Sought After First Year Analysts!SPDR Dow Jones Industrial Average ETF (Exchange Traded Fund) Trust – Daily (12/31/2024 – 04/25/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2025 – 05/15/2025)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 – Daily (12/31/204 – 04/25/2025)– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. – Daily (07/28/1993 – 04/25/2025)– Courtesy of Bloomberg LP
Recurrent MLP (Master Limited Partnership) Infrastructure Fund – Daily (11/01/2017 – 04/25/2025)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 – Daily (03/10/1999 – 12/29/2017)– Courtesy of Bloomberg LP
Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What potential trading range has the Dow Jones Industrial Average established for 2025?Q: What are some strategies The McGowanGroup is using currently in investors’ managed accounts?Q: What are a few, recent financial headlines that could potentially drive declines and rallies in the equity markets?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpDeep in the Heart of Texas Oil Country, Batteries Are Booming! Winning! What is Rory McIlroy Net Worth Now? The Secretive Gambler Called “The Joker” Who Took Down the Texas Lottery!Goldman Sach’s Q1 2025 Trading Revenue Powered By Uncertainty. Nvidia and Foxconn Collaborating on AI (Artificial Intelligence) Supercomputer Plant in Houston!Trump’s Tangled Tariff Negotiation Updates. Profit-Forecasting Chaos as Wall Street Analysts Adopt a Wait & See Approach!NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Author Dean “PappaDean” McGowan About His New Book: Keeping Your Money – Real Advice on Wise Investing! Don’t Miss the Special Chapter “Stupid Things People Do with Their Money”*After receiving his BS in Business Administration with a minor in engineering from UT Austin in 1960, author Dean McGowan began his journey in wealth management as a financial advisor and mutual and pension funds manager with Schneider, Bernet & Hickman, where he was the youngest partner in the firm throughout the early seventies. In 1974 McGowan joined Paine Weber as assistant branch manager and went on to found the North Dallas branch of what later became UBS Financial Services. Before retiring from UBS in 2019, McGowan would also found the McGowan, Vehslage, and Goldberg advisory group (MVG Wealth Management).McGowan also proudly served three years on the New York Stock Exchange committee, during which he and other committee members rewrote the entire battery of three thousand questions for the Series 7 (General Securities Representative) Exam, whose passing completion is required by brokers and other financial professionals in the U.S.Volunteering in his community has remained equally important to McGowan. For ten years he served as a board member of the UT Dallas Naveen Jindal School of Management in Richardson, Texas, where he mentored MBS students for eight years and served as a member of the school’s financial department for four.McGowan has additionally been grateful to have had the privilege of serving as Treasurer, Chairman of the Elders, and Chairman of the Board for Community Christian Church in Richardson, as well as teaching Sunday school and serving in a lifestyle-coaching role for several years at Christ United Methodist Church’s Project Hope in the city of Plano.Dow Jones Industrial Average Index – Daily (12/31/2024 – 04/15/2025)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (02/16/2025 – 05/15/2025)– Courtesy of Bloomberg LP
Research Round Up!Get on the free subscription list today.Cohen & Steers: Tariffs and The Long Term Value of Real Estate and InfrastructureBlackRock: 2025 Momentum and Deep Value*AllianceBernstein: AI Driven Spending Boom and Supercycle
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The 2024 Q4 McGowanGroup Wealth Management Client Updates11/11/2024Election Impacts: Deregulation, Lower Taxes, Reduced Government Waste and Spending?The Equity markets quickly reacted with the Dow setting new records above 44,000 this past week. The best explanation appears to be that investors’ expectations are building in deregulation, lower taxes, and reduced government waste as well as reduced government spending.Economic GrowthAs of this writing, The Atlanta Federal Reserve’s Real GDPNow number estimates Q3 growth at 2.5% which is relatively strong compared to the 2.1% average since 2001.Q: What economic policies could be important for investors in 2025?Q: What are some potential sector allocation changes for current McGowanGroup portfolios?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Click here to get the monthly newsletterHeadline Round UpY’all Street! Texas Stock Exchange CEO James Lee Speaks at SMU Venture Dallas Summit. Record $7 Trillion in Money Markets. Where will investors go as yields decline? Prices Falling? U.S. Online Food Prices Decline Year over Year for the First Time Since 2020!Inflation: Overall Consumer Price Index at 2.6% Year over Year in October While the Producer Price Index at 2.4% Year over Year. Both indices up .2% for October. Polymarket’s CEO Shayne Coplan Has Phone Seized in FBI Raid? CEO Claims “Political Retribution by Outgoing Administration…”?CNBC: Are Stocks That Popped After Election Trump Trades? Saudi Arabia Strapped for Cash by Ambitious Vision 2030 Projects? Oilprice.com: Three Key Energy Moves Trump Plans for First 100 Days. Commodity Experts at Standard Chartered Say American Oil Output Won’t Surge Under Trump. What about Liquified Natural Gas (LNG)? How China Capitalized on U.S. Indifference in Latin America. Hedge Fund Industry Hopeful for 2025 Merger Mania? A Shift in Corporate Strategy Predicted as ESG (Environmental, Social & Governance) Managers are Advised to Seek Legal Counsel While Regulatory and Political Landscape Becomes Increasingly Hostile. Volkswagen Boosts Expected Five Billion Bet on Rivian by $800 Million More!Apple Readies New Smart Home AI (Artificial Intelligence) Wall Tablet Device.Firebrand Argentinian President, Javier Milei, Withdraws Delegates from COP29 United Nations Climate Summit and Heads for Mar-a-Lago for CPAC Summit? Argentina’s annual inflation rate at 193% in October a three year low?Spotify Spikes 9% with 640 Million Active Users Driving 19% Revenue Growth in Q3! Cava Group, Inc. Spikes on Thrice Raised Annual Forecast & Quarterly Sales Beat Expectations!Disney Spikes Predicting Double Digit Profit Growth in 2026 & 2027. Department of Government Efficiency (DOGE) Led by Elon Musk & Vivek Ramaswamy? Crypto LOL: DOGE Coin Spiked on News of Department of Government Efficiency? *Cryptomania Spikes Bitcoin Over $93,000 per Coin? Will New Administration Keep Promises Made to Crypto Industry?Preston’s LaneFinancial Topics Salaciously Trending on Social Media!Dow Jones Industrial Average Index (01/01/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Bitcoin Currency Spot Price (01/01/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Recurrent MLP Infrastructure Fund (11/15/2019 – 11/14/2024)– Courtesy of Bloomberg LP
iShares Global Clean Energy Exchange Traded Fund (ETF) (11/17/2019 – 11/15/2024)– Courtesy of Bloomberg LP
Profit ReportThe Reading of the Will!• The story of the missing Will during hospice.• The story of the unsigned, unnotarized, & unwitnessed Will.• The story of a terribly written Will and the terribly structured Trust that set the stage for a daughter and stepmom to rumble.Schedule your appointment for a reading of your will now!Enroll your trustee/executor in Trustee Bootcamp!Dallas’s own Milo Butterfingers & why investors need a great advisor to partner with! The 2025 Tax Brackets Are Here. Year End Tax Planning Ideas with McGowanGroup Wealth Management.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen & Steers: New Power Paradigm – Utilities, Midstream Energy, and Nuclear poised to benefit?PIMCO: High Yielding Global Opportunities*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What happened in the financial markets as November election results came in?Q: What do investors appear to be anticipating in the equity markets?Q: What economic policies could be important for investors in 2025?Q: What are some potential sector allocation changes for current McGowanGroup portfolios?Q: What estate planning meeting should investors set as soon as possible?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers!Headline Round UpPolymarket’s October 25th Amazing Election Forecast & Now Being Investigated by French Authorities?Amazon’s Bullish Profit & Revenue Projections Ahead of Christmas. Novo Nordisk’s New Weight Loss Formulation CagriSema Leads to at Least 25% Weight Loss?Warren Buffett’s Berkshire Hathaway Sitting on $300 Billion Cash in Q3 & Halting Stock Buybacks?Nuclear to Quantum Computing & How Big Tech Intends to Satisfy Power Hungry Data Centers Driven by Artificial Intelligence (AI)!Federal Reserve Cuts Interest Rates Again. What’s the real story for investors?United Airlines Up 93% Year to Date in 2024. American Airlines Flat for the Year?Empty Apartments Filling Up as Demand Increases for the First Time Since 2021!Bentley to Focus on Hybrid Vehicles Until 2035?Morgan Stanley’s Chief U.S. Equity Strategist, Mike Wilson, Says S&P 500 Index Could Hit 6,100 by Year End. “Not a lot of consternation and people feel good.”Intel Shares Surge on Updated Q4 Revenue Forecast & Profit Report!JPMorgan’s Jamie Dimon Peeved at Current State of Banking Regulations?e-Mini Dow Jones Industrial Average Index Futures Spot Price (11/04/2024 – 11/08/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 11/08/2024)– Courtesy of Bloomberg LP
iShares Global Clean Energy Exchange Traded Fund (ETF) (11/11/2022 – 11/08/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Top 10 and Bottom 10 Performers (10/08/2024 – 11/08/2024)– Courtesy of Bloomberg LP
Recurrent MLP Infrastructure Fund (11/10/2019 – 11/08/2024)– Courtesy of Bloomberg LP
Profit ReportThe Reading of the Will!• The story of the missing Will during hospice.• The story of the unsigned, unnotarized, & unwitnessed Will.• The story of a terribly written Will and the terribly structured Trust that set the stage for a daughter and stepmom to rumble.Schedule your appointment for a reading of your will now!Enroll your trustee/executor in Trustee Bootcamp!Dallas’s own Milo Butterfingers & why investors need a great advisor to partner with! The 2025 Tax Brackets Are Here. Year End Tax Planning Ideas with McGowanGroup Wealth Management.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen & Steers: New Power Paradigm – Utilities, Midstream Energy, and Nuclear poised to benefit?PIMCO: High Yielding Global Opportunities*AllianceBernstein: AI Driven Spending Boom and Supercycle
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: Is the recent profit growth rate enough to justify current equity market valuations?Q: What could the October jobs numbers indicate about the U.S. economy?Q: What were the highest & lowest investment performing areas of the financial markets in October?Join Us for The Latest Financial Headlines and Valuable Research from The McGowanGroup. Built for Investors by Experienced Portfolio Managers! Click here to get the monthly newsletter.Headline Round UpBullish on Texas: PwC Says North Texas Is The #1 Real Estate Market to Watch in 2025.North Texas Home Prices Rose at Just 1/3rd the National Average?Back to Work! Bosses Calling Workers Back to the Office. Alex, is this bad for Netflix, but good for Landlords?MetLife Says Commercial Real Estate Outlook Improving in 2025.Residential Real Estate Cooling? Homebuilding Bellwether D.R. Horton’s 2025 Forecast Fails to Meet Wall Street Expectations.2024 Q3 Economic Growth at 2.8%.Inflation at Just 2.1% for September. Does this lead to a potential Federal Reserve interest rate cut in November?Alphabet’s Google Cloud Computing Division Boosting Revenue Up 35% From Previous Year! Sells computing power in data centers taking advantage of the Artificial Intelligence (AI) boom.Microsoft Sells Off After Report Showing Over 30% Cloud Revenue Growth, But Slower Quarterly Cloud Revenue Growth? Does Wall Street have high expectations?Dallas Based Tenet Health Care Having a Stellar 2024 with Net Income in Q3 2024 at $472 Million vs. $101 Million in Q3 2023. Double Digit Growth!Russia Hits Google with Fine Larger Than the World’s Gross Domestic Product (GDP)?AbbVie Spikes Raising 2024 Forecast After Strong Sales on Top Selling Anti-Inflammatory Drugs.Private Equity Firms including Carlyle Group, Brookfield Asset Management, and Apollo Global Management Financing Nuclear on AI Ambitions?U.S. Geological Survey (USGS) & the State of Arkansas Discover Vast Untapped Lithium Reserve. Arkansas poised to dominate lithium? Cheniere Energy Predicts Chinese Demand for Natural Gas to Jump by More Than 50% by 2040 While Shell Predicts Global Demand to Surge by 50% by 2040. Natural Gas Crunch Likely? International Energy Agency (IEA) Warning of Potential Supply Shortages Due to Insufficient Investment in Production.*The 50 Richest Women in America in 2024!Dow Jones Industrial Average Index (12/29/2023 – 11/01/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Top 10 and Bottom 10 Performers (10/01/2024 – 11/01/2024)– Courtesy of Bloomberg LP
Meta Platforms Inc (10/28/2024 – 11/01/2024)– Courtesy of Bloomberg LP
Microsoft Corp (10/28/2024 – 11/01/2024)– Courtesy of Bloomberg LP
United States Employees on Nonfarm Payrolls Total MoM Net Change Seasonally Adjusted (10/31/2022 – 10/31/2024)– Courtesy of Bloomberg LP
Polymarket United States Election Odds (11/01/2024)– Courtesy of Polymarket
Profit ReportDallas’s own Milo Butterfingers & why investors need a great advisor to partner with! The 2025 Tax Brackets Are Here. Year End Tax Planning Ideas with McGowanGroup Wealth Management.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen & Steers: New Power Paradigm – Utilities, Midstream Energy, and Nuclear poised to benefit?PIMCO: High Yielding Global Opportunities*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Q: What is the current projected economic growth for the U.S. in the 3rd quarter?A: The Atlanta Federal Reserve’s GDPNow estimate on Oct. 18th was at 3.4%. This is significantly stronger than the 2.1% 20-year average.Q: What is the McGowanGroup’s take on the U.S. Dollar, Gold, Printed Money & the Federal Reserve’s balance sheet? A: Stay tuned to this week’s broadcast as Spencer McGowan covers those topics for investors!Headline Round UpResidential Real Estate Updates: Total Home Inventories Are Up 23% While Existing Home Sales Hit a 14 Year Low in September and New Home Sales Spike in September as well!The Big Short All Over Again: Asset Backed Securities Are Back?JPMorgan Sees Solid Growth Ahead for Stocks While Goldman Sachs Says Big Decade of Gains Coming to An End.Chinese Capital Exodus: Chinese Residents Using Cryptocurrency and Fine Art to Move Money Overseas.Tax Free Munis? State and Local Infrastructure Sales Near $250 Billion and the Vanguard Municipal Money Market Fund Recently Pulls Ahead of Treasury Bills in Net After Tax Yield for Higher Brackets?Could North Dakota End Property Taxes?Unexpected Surge in U.S. Power Demand?Corpus Christi Now The World’s Third Largest Oil Export Port Due to Record Volumes This Year.The Dallas Express: Texas Models How Clean Energy Should Work. Natural Gas Crunch Likely? International Energy Agency (IEA) Warning of Potential Supply Shortages Due to Insufficient Investment in Production.Cheniere Energy Predicts Chinese Demand for Natural Gas to Jump by More Than 50% by 2040 While Shell Predicts Global Demand to Surge by 50% by 2040.Goldman Sachs See Limited Upside for Oil Prices & Predicts $76 Per Barrell Oil for 2025.Heavy Betting Against Clean Energy? $5 Trillion Hedge Fund Industry is Net Long Oil, Gas and Coal, But Net Short Batteries, Solar, Electric Vehicles (EVs) & Hydrogen!Google and Microsoft Advance Artificial Intelligence (AI) Features, Respectively.Hidden Inflation? Consumer Price Index (CPI) Excludes Property Taxes, Tips, and Interest Payments. Bureau of Labor Statistics Economist, Steve Reed, says some items “can’t be realistically priced”.UPS Spikes on Profit Growth and Volume Increase for the First Time in Two Years!Tesla’s 3rd Quarter Profit Growth 17% & Elon Musk is Forecasting as Much as 30% Vehicle Growth for Year Ahead.Steaming Streaming: Netflix Profits Up 45% & Sales Up 15% for the 3rd Quarter.General Motors Profits Up 30% and Revenue Up 10% in the Most Recent Quarter.3M Raising Low End of 2024 Profit Target as Q3 Profits Up 18%Dallas Based AT&T Spikes on Mobile Subscriber Gains in Q3. The real story for investors.Boeing Reports $6 Billion Loss Ahead of Strike Vote.Atlanta Federal Reserve Real GDP Estimate for 2024 Q3 (10/18/2024)– Courtesy of Atlanta Federal Reserve
Dow Jones Industrial Average Year-To-Date Total Return (12/29/2023- 10/25/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Federal Reserve Balance Sheet (10/27/2004 – 10/23/2024)– Courtesy of Bloomberg LP
United States Dollar Index Spot (12/31/1974 – 10/25/2024)– Courtesy of Bloomberg LP
Gold Per Troy Ounce Vs. United States Dollars Spot (12/31/1974 – 10/25/2024)– Courtesy of Bloomberg LP
Gold Per Troy Ounce Vs. United States Dollars Spot (11/30/2004 – 10/25/2024)– Courtesy of Bloomberg LP
iShares China Large-Cap ETF (12/31/2004 – 10/25/2024)– Courtesy of Bloomberg LP
Profit ReportThe 2025 Tax Brackets Are Here. Year End Tax Planning Ideas with McGowanGroup Wealth Management.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen & Steers: New Power Paradigm – Utilities, Midstream Energy, and Nuclear poised to benefit?PIMCO: High Yielding Global Opportunities*AllianceBernstein: AI Driven Spending Boom and Supercycle
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Top Financial Surprises of the Year, So FarEquity markets rally ahead of Federal Reserve (Fed) interest rate cuts.Artificial Intelligence (AI) dominates investor focus. Utilities rally on datacenter demand projections.North Texas power generator, Vistra Corp., up more percentage wise than Nvidia?Big Tech embraces “carbon free” nuclear power. Long interest rates moved up after the Fed cut interest rates?Oil prices fell as inventories declined to near historic lows. Natural gas prices stay flat.Q: Should investors buy more tech stocks now? A: If you were not a buyer during late 2022, the shift in strategy could be ill timed after the recent large tech rally. For many investors, the solution could be a carefully timed, gradual addition of a reasonable growth and innovation position built into a long-term plan.Headline Round UpBig Tech Goes Nuclear with Small Reactors to Power AI! How AI Will Impact Energy Industry Margins Over Next 5 Years. SpaceX Catches Giant Starship Booster with “Chopsticks”!Elon Musk Tapped to Be “Secretary of Cost Cutting”?Wall Street Journal Editorial Board – Updates on the $42.5 Billion Broadband Rollout to Underserved Rural Communities.Updates on the $5 Billion for Electric School Buses. Critics say green boondoggle while advocates cite boost to U.S. manufacturing and cleaner air.High Home Prices Force Builders to Offer Customer Concessions Like Mortgage Buydowns. International Energy Agency (IEA) Trims 2024 Oil Demand Forecast Again with Reduced Chinese Consumption Weighing on Global Outlook.Citi Research Sees Possibility of $120 Oil if Supplies Disrupted by Mideast Conflict Despite Weak Market Fundamentals.Fierce Blackwell Microchip Demand Powers Nvidia Toward Stock Record Again!Adobe Announces AI Video Generator in Race with OpenAI & Meta. Bargain Prices on New & Used Electric Vehicles (EVs) Put Owners and Dealers in a Bind. Helene and Milton Seen Costing Insurers Between $35 Billion to $55 Billion Says Moody’s RMS Risk Modeling Unit. Goldman Sachs 3rd Quarter Profits Soar as Stock Trading Unit Posts Best Quarter in More Than Three Years!*Dell Technologies, Inc. Ready to Ship Servers with New Nvidia Chips to Select Customers in November.Dow Jones Industrial Average Index – Total Return Analysis, Daily (12/29/2023 – 10/16/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – Short Term Interest Rate Index, 10 Year Treasury Note Yield Index, & 30 Year Treasury Bond Yield Index (10/17/2023 – 10/16/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Department of Energy’s Cushing Oklahoma Crude Oil Total Stocks (10/04/2014 – 10/04/2024)– Courtesy of Bloomberg LP
Department of Energy’s Crude Oil Total Inventory Data, Excluding Strategic Petroleum Reserve (10/04/2014 – 10/04/2024)– Courtesy of Bloomberg LP
Generic Lithium Futures Contract Spot Price (10/17/2017 – 10/15/2024)– Courtesy of Bloomberg LP
Vistra Corp., Texas Pacific Land Corp., Brinker International, Inc., Cinemark Holdings, Inc., & Tenet Healthcare Corp. – Comparative Returns (12/29/2023 – 10/16/2024)– Courtesy of Bloomberg LP
Profit ReportInvestment Book Review: Timeless Principles from The Richest Man in Babylon.The Richest Man in Babylon by George S. Clason is a book of parables that teaches readers how to become wealthy through seven principles:• Start thy purse to fattening: Save money and put more money in your purse than you spend. • Control thy expenditures: Learn to live within your means and don’t spend more than you need. • Make thy gold multiply: Invest wisely and make your money work for you. • Guard thy treasures from loss: Avoid risky investments and protect your money from conmen. • Make of thy dwelling a profitable investment: Owning your home can help you achieve your goals. • Ensure a future income: Plan for unexpected accidents or deaths that could limit your ability to work. • Increase thy ability to earn: Strive to learn and become wiser so you can earn more.The book’s main lesson is that the secrets to wealth building have remained the same throughout history.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and SupercyclePIMCO: Soft Landing for Economy?AllianceBernstein: The Real Story on U.S. National Debt. Can Crisis Be Avoided?
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Q: How are corporate earnings for Q3 2024?A: With 25 out of 500 S&P companies reporting so far, earnings growth was over 7.3%. In Q2 earnings growth was at 11%.Q: Is the equity market overpriced right now? A: The McGowanGroup Investment Committee is finding that many companies have become overpriced relative to current growth and projections. We currently have harvest targets for significant positions in our model portfolios. Presently, Energy Infrastructure remains a relative bargain according to our calculations.Q: The recent T-Bill rate moves appeared to predict the ½% rate cut before the Federal Reserve lowered the Fed Funds rate by ½%. With this in mind, what can recent moves in the U.S. Treasury bond market tell us about the Federal Reserve’s meetings on November 7th and December 18th?A: After the interest rate cut, the mid-point of the target range in the overnight bank lending rate is 4.875%, yet the 90 day T-Bill rate is 4.64% indicating a possible rate cut of ¼% at the November 7th meeting and another one potentially after the December 18th session or subsequent meetings in Q1 2025. Q: What is the McGowanGroup’s current Assets Under Management?A: Just under $1 Billion as of September 30th, 2024!Headline Round UpClearview Energy Partners Predicts if Oil Flows in the Strait of Hormuz Are Blocked, Oil Could Spike $28 per Barrel. Top Uranium Producer Cameco Corp. CEO, Tim Gitzel, Says Growing Demand for Nuclear Power Presents the “Best Fundamentals I’ve Ever Seen for Nuclear in My 40 Year Career.” Healthcare Premiums Soar Even as Inflation Eases in 2024. Inflation at 2.4% for the Past Year in September.Lucid 3rd Quarter Quarterly Production Falls Missing Analyst Estimates. Rivian Blunders Supply Order & Now Slashes 2024 Output Goal? Duckhorn Wines to be Taken Private in 1.95 Billion All Cash Deal?New Dockworker Strike on January 15th if Automation Issue Isn’t Addressed?Facebook Meta Rolls out Artificial Intelligence (AI) Video Tool for Advertisers to Create New Ads. Mexico Turning Away from China in Bid to Curb Chinese Imports. Department of Justice (DoJ) Wants Google to Sell Off Parts of Its Business to Mitigate Its Search Dominance?AI Power Demand Spikes; Large Utility Stocks Rally. Latin American E-Commerce/Fintech Platform MercadoLibre Posts Record Argentinean Sales on Consumer Rebound.Reinsurance Stocks Pounded by Milton.Dow Jones Industrial Average Index (12/29/2023 – 10/11/2024– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non Seasonally Adjusted (11/2019 – 10/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Department of Energy’s Cushing Oklahoma Crude Oil Total Stocks (10/04/2014 – 10/04/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – Short Term Interest Rate Index, 10 Year Treasury Note Yield Index, & 30 Year Treasury Bond Yield Index (10/12/2023 – 10/11/2024)– Courtesy of Bloomberg LP
Department of Energy’s Crude Oil Total Inventory Data, Excluding Strategic Petroleum Reserve (10/04/2014 – 10/04/2024)– Courtesy of Bloomberg LP
Profit ReportInvestment Book Review: Timeless Principles from The Richest Man in Babylon.The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: The Real Story on U.S. National Debt. Can Crisis Be Avoided?AllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What were some of the financial markets’ reactions to Iran’s ballistic missile strike on Israel?A: Oil spiked over $73 per barrel up nearly 10% for the week while the U.S. equity markets fell 1% during the week after initially holding steady after the Iranian strike.Q: What is a possible market impact to an Israeli response?A: The Wall Street Journal details potential Israeli strikes on Iranian leadership, nuclear facilities, and oil infrastructure. Iran exports near 2 million barrels of oil per day so a disruption would likely create an undersupply compared to global daily demand.Q: What is a potential outcome of the International Longshoreman Association’s strike?A: Harold Daggett, the ILA union leader telegraphs a supply chain disruption by saying, “We’re going to show these greedy bastards you can’t survive without us!” as he addressed hundreds of union workers.Q: What is the McGowanGroup’s current Assets Under Management?A: Just under $1 Billion as of September 30th, 2024!Headline Round UpMicron’s Shock Earnings Send Stock Soaring. Nuclear Renaissance: Michigan’s Palisades Set to Restart Late Next Year With $1.5 Billion Loan Finalized.Australian Mining Giant Fortescue Founder, Andrew Forrest, Says It’s Time for the World to Walk Away from the “Proven Fantasy” of Net Zero Emissions by 2050 and Embrace “Real Zero” by 2040 Instead!August 20th 2024, Daily Solar Production Up 83% Over Prior Year!Elon Musk Via X: “Solar Power is Growing Super Fast. In the Very Long-Term (Kardashev Scale), Solar Will be >99% of All Power Generation.”U.S. Buying 6 Million Barrels of Oil for Strategic Petroleum Reserve at Under $70.00 a Barrel. Delivery to take place between February and May 2025.Euro-Zone Inflation Drops Below 2% for the First Time Since 2021. German Two Year Bond Drops Below 2% for the First Time Since 2022.Goldilocks U.S. Economy Adds 143,000 Private Sector New Jobs in September! ~~Again.~~Global Race to Cut Interest Rates While Borrowing Costs Declining?Stellantis Warns of Deterioration Across Global Car Industry.Federal Trade Commission (FTC) Clears Chevron-Hess Merger But Bans John Hess from Board! Allegations of Hess Encouraging OPEC Representatives to Take Actions That Support Higher Oil Prices?OpenAI Valued at $150 Billion After Latest Funding Round Raises $6.5 Billion?Wall Street Races to Bring Private Credit to the Masses. What is private credit and what could go wrong?Generic Crude Oil Futures Contract Spot Price (09/30/2024 – 10/04/2024)– Courtesy of Bloomberg LP
Department of Energy’s Cushing Oklahoma Crude Oil Total Stocks (10/10/2014 – 09/27/2024)– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 10/04/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – Short Term Interest Rate Index, 10 Year Treasury Note Yield Index, & 30 Year Treasury Bond Yield Index (10/05/2023 – 10/05/2024)– Courtesy of Bloomberg LP
Generic Natural Gas Futures Spot Price (10/07/2019 – 10/04/2024)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (10/07/2019 – 10/04/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
Profit ReportImportant Tax Planning Tool: Necessary Medical Deductible Over 7.5% of AGI.The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Economic GrowthAs of this writing, The Atlanta Federal Reserve Real GDPNow estimates Q3 growth at 2.9%, relatively strong compared to the 2.1% average since 2001.Corporate ProfitsThe Q2 2024 earnings growth for the S&P 500 was over 11% over 2023.2024: A Year of New Highs So FarAt the beginning of 2024, our client update included this paragraph:“A 2024 Magic Carpet Ride?”One of the primary factors over the past 2 years, of course, was the Federal Reserve interest rate tightening cycle, which corresponded to the bear market of 2022. Future cash flows are worth less when cash rates are relatively high. The Federal Reserve’s most recent projections show a return to a more normal 2.5% over the next 3 years for the Federal Funds Rate and corresponding rates on Treasury Bills. For high cash flow assets, a lower discount rate increases the net present value of future cash flows.Artificial Intelligence: Mania, Hype, and Reality? Yes, Yes, and Yes?At this writing, Artificial Intelligence (AI) driven technology companies are leading the rally while the Dow Jones Industrial Average Index is up single digit returns year to date. These tech stocks are continuing a rally well into double digit returns for the year so far.Data center expansion is likely the first phase of capabilities to improve projected efficiency. Money flows into these stocks are clearly anticipating productivity and profit gains that could take longer than anticipated to materialize for investors.Profit Impact?Assuming a 1990’s technology increase in productivity that accompanied internet and PC adoption, The S&P 500 currently forecasts a potential 33.3% gain in profits before the end of 2025 from the end of Q1 2024. Is this overly optimistic? One danger is over-anticipation of profit increases explaining companies exhibiting multiple expansion.Reasonable valuations, owning great businesses, and real cash flow from earnings could be solutions to that danger.Energy InfrastructureAs of December 2023, Recurrent Advisors estimated that energy infrastructure companies are trading at about six times cash flow. The prospective resulting increase in assets under control per share would equate to about 40% over a 5-year period in addition to the cash dividends.Global High YieldOur four primary High Yield managers delivered impressive results in 2023 and a good return so far in 2024. The current yield, equally weighted, is currently above 8%. The resulting appreciation potential during declining interest rates could be impressive assuming bonds drift back towards par values or higher as interest rates fall. We have established harvest targets to move portfolios to tactical safety as warranted.Blue Chip AdditionsThe McGowanGroup Wealth Management Investment Committee successfully added names from the following sectors: Nuclear, Utilities, Pharmaceuticals, and AI related technology during 2023 dips. Research is ongoing as the McGowanGroup looks to take advantage of future corrections.Our Next Steps?Equity market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested. Pullbacks in the market values provide the opportunity to add high cash flow assets at discounts.A Cautionary NoteElection years provide equal opportunities for rejoicing and lamentations. The temptation to let politics drive portfolio decisions often leads to distraction and mistakes. Let not your heart be troubled, we are on the case and grateful to serve.We wish you and your family a prosperous holiday season!Recession?The 2017 tax cuts reduced the tax bill for middle class families at the $200,000 gross income level about $8,500, but these tax cuts expire at the end of 2025. The resulting tax increase of about 27%, according to some estimates, or $700 per month would likely force a contraction in spending and potentially economic growth. This is an important debate we will be watching in 2025.Headline Round UpThe U.S. Treasury Bill Market Predicted a 50 Basis Point Rate Cut Before the Federal Reserve Interest Rate Cut. Federal Reserve Chairman Jerome Powell warns against assuming further big rate reductions going forward.Microsoft Announces $60 Billion Stock Buyback and Raises Dividend 10%. Intel to Make Custom AI Chip for Amazon. Meet Elon Musk’s Supercomputers: Dojo in New York and Cortex in Austin. Bernie Sanders Takes Novo Nordisk CEO Lars Jorgensen to Task in the Senate Regarding Drug Pricing in the U.S.Employee Stock Ownership Plans (ESOPs) Get Advocacy from Private Equity KKR’s Pete Stavros. The Work from Home Free-for-All is Coming to an End? Amazon leading the charge to bring employees back the office.Department of Justice Sues Visa for “Illegal Monopoly of Debit Payments”? Britain’s Ultra Wealthy Threatening to Exit in Masse Ahead of Proposed Tax Changes? Mortgage Hack for Interest “Rate Modification?”California Sues Exxon Alleging Plastics Deception. Uranium Exchange Traded Funds (ETFs) Glowing After Constellation Energy & Microsoft’s Three Mile Island Restart Project. Big Tech Rushing to Find Clean Power for AI.Interest Rate Cut Too Late for Some Commercial Property Owners. Clean Technology Updates from the Wall Street Journal.Go Javier! Argentinian President Javier Milei Nearly Doubles Housing Supply with Deregulation by Abolishing Rent Controls.Evolution of Atlanta Fed GDPNow & Real GDP Estimate for 2024:Q3– Courtesy of Atlanta Federal Reserve
McGowanGroup Wealth Management Q4 2024 Client Updates– Courtesy of McGowanGroup Asset Management
Dow Jones Industrial Average (12/29/2023 – 9/27/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – 30 Year Treasury Bond Yield Index, 10 Year Treasury Note Yield Index & Short Term Interest Rate Index (09/28/2023 – 09/27/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (08/16/2024 – 11/15/2024)– Courtesy of Bloomberg LP
McGowanGroup Wealth Management Q4 2024 Client Updates– Courtesy of McGowanGroup Asset Management
Profit ReportThe Armageddon head fake of early August?The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What psychological stimulus could remove some selling pressure on the equity markets for investors?A: As the Dow Jones Industrial Average made a new high this week, the fourth time over the past six months, selling decisions appear to be premature. The current bullish momentum has the potential to discourage sellers and remove selling pressure until significant negative events occur. Stay tuned!Q: What did the bond market do BEFORE the Federal Reserve cut Interest Rates?A: Money flowed into bonds evidenced by the large drop in rates. The 90 day U.S. Treasury Bill dropped from 5.3% in August to 4.85% during September, 10 Year U.S. Treasury Note dropped from a high of 5% October 2023 to 3.63% during this September.Headline Round UpEd Yardeni, President of Yardeni Research, is Bullish on Technology. Alan Lancz, Director of Research, of LanczGlobal is Bullish on Energy Infrastructure. Oil Back Over $70 at Highs this Week?The Sad Stories of Fannie Mae and Freddie Mac While Trying to Privatize? Artificial Intelligence (AI) Powers U.S. Natural Gas Demand. Goldman Sachs Illustrates Lessons for Investors from Every Correction Since 1973. Big Dividend Payment to Private Equity Investors Led to Bankruptcy for Steward Health. Dallas Based Tenet Healthcare Up 119% in 2024? European Union Embracing U.S. Example on Productivity, Growth, and Innovation. Chinese Regulators Impose Six Month Ban on PricewaterhouseCoopers China (PwC) Over Evergrande Crisis?FBI: Americans Lost $5.6 Billion in Crypto Scams Last Year. Oil Rich Arkansas Catches Fire Over Lithium! Solar and Batteries Saving the U.S. Electrical Grid! *Family Rift Drives Rupert Murdock to Redo His “Irrevocable” Trust?Wills, Trusts & Estate Planning Lessons From an Expert! Spencer McGowan Interviews John C. Mallios, a North Texas Based Attorney with over 40 Years Experience!
This week’s featured interview continues our ongoing Estate Planning discussion with an interview with John Mallios, a qualified and experienced litigation attorney.Join us for key insights into the Estate Planning process: Do I need a Will or a Revocable Living Trust? What happens if the original document is missing? How does Probate actually work? What are the most important things that I need to do right now to protect assets?John Mallios completed his Doctorate of Jurisprudence from Salmon P. Case, College of Law in 1978. After his successful completion of the Texas Bar Exam, he became a licensed attorney in all State and Federal courts in all districts in the state of Texas in May of 1979.Mr. Mallios opened his own practice in 1980 and early on in his career he specialized in Criminal and Family Litigation. By 1983, he specialized in, not only Criminal and Family Litigation, but also Business, Probate, and Personal Injury law. Mr. Mallios has been involved in numerous cases against corporate defendants where he has obtained substantial verdicts and/or settlements.The 10 Stages of Estate Planning: Lessons from The McGowanGroup Wealth Management Team’s 38 Years of Experience!SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 09/16/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/29/2023 – 09/16/2024)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 09/16/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – 30 Year Treasury Bond Yield Index & Short Term Interest Rate Index (09/14/2023 – 09/13/2024)– Courtesy of Bloomberg LP
Department of Energy’s Cushing Oklahoma Crude Oil Total Stocks (09/19/2014 – 09/06/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (09/15/2019 – 09/13/2024)– Courtesy of Bloomberg LP
U.S. Job Openings By Industry Total, Seasonally Adjusted (09/15/2019 – 07/31/2024)– Courtesy of Bloomberg LP
Recurrent MLP & Infrastructure Fund & AllianceBernstein Global High Income Fund (12/29/2023 – 09/12/2024)– Courtesy of Bloomberg LP
Profit ReportThe Armageddon head fake of early August?The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What are some of the things that have happened in the bond market ahead of the anticipated September 18th Federal Reserve announcement?A: The 10-year U.S. Treasury Note has already fallen to 3.67%, down from 5% in October 2023. The 90-day U.S. Treasury Bill has already fallen below 5% recently.Q: What are some factors that could encourage more aggressive cuts in the Federal Funds Rate?A: U.S. Job growth and job openings fell to their lowest levels since 2021. Additionally, the Consumer Price Index (CPI) fell to 2.5% for the preceding 12 months ending in August & The European Central Bank cut interest rates for second time in the last 90 days.Headline Round UpOnline Grocery Prices Plunge in August to Lowest Levels Since 2014! Get Ready for the New Nuclear Age as a Solution to America’s Energy Needs!When Will the First New Small Modular Reactors Come Online?September Continues to be the Worst Month of the Year for Stocks Since 1928. Retail Bankruptcies Hit High at Most Since 2020 After Discount Retailer, Big Lots, Files. U.S. Unit of PricewaterhouseCoopers (PwC) Laying Off 1,800 Employees in October and U.K. Unit of PwC Announces Tracking of All Employee Locations in January?Texas Natural Gas Pipeline Capacity from Permian Coming on Stream and Increasing. Lithium Mining Stocks Soar Due to Supply!California’s Grid Being Saved by Batteries Says PG&E CEO Patti Poppe! Palantir Technologies, Dell Technologies and Erie Indemnity to Join the S&P 500 Index in Late September. Oracle Cloud Services Leads Company to Record High Stock Price This Week. The Artificial Intelligence (AI) Spending Spree Continues Amid Questions on Viability? UBS Group, AG Builds AI Tool to Help Offer Clients Potential Merger & Acquisitions (M&A) Deals. Tool can quickly scan up to 300,000 companies in less than half a minute!Novo Nordisk Spikes After Study Finds Obesity Drug Safe for Kids?Skid RowThe Rise and Fall of Green-Energy Superstar & Wood Pellet Producer Enviva. Disastrous company decisions could be a lesson for all.Private Equity Owner Who Drove Steward Health Care to Collapse While Paying Themselves a Huge Dividend in the Process. SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust, Invesco QQQ Trust Series 1 and SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 09/13/2024)– Courtesy of Bloomberg LP
Chicago Board Options Exchange – 30 Year Treasury Bond Yield Index & Short Term Interest Rate Index (09/14/2023 – 09/13/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (09/15/2019 – 09/13/2024)– Courtesy of Bloomberg LP
U.S. Job Openings By Industry Total, Seasonally Adjusted (09/15/2019 – 07/31/2024)– Courtesy of Bloomberg LP
Recurrent MLP & Infrastructure Fund & AllianceBernstein Global High Income Fund (12/29/2023 – 09/12/2024)– Courtesy of Bloomberg LP
Profit ReportGoldman Sachs: Lessons from every stock market correction since 1973.The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q. Is September statistically the worst month of the year for the financial markets?A: Yes, according to the Stock Trader’s Almanac. Most investors tend to answer October because of the 1987 and 1929 crashes.Q: Why the rocky start to trading in the equity markets this September?A: Recently, CNBC cited U.S. manufacturing activity contracted for a fifth straight month concurrent with the first day of September trading sell off.Headline Round UpDell Server Sales Soar 80% in Q2 Riding Artificial Intelligence (AI) Wave.BlackRock: Capital Expenditures by Big Tech and Cloud Providers Doubled in Under 5 Years Ending 2023.Brazil’s Telecommunications Regulator Threatens Starlink Sanctions After Banning Elon’s X Social Media Company.Constellation Brands Announces Sobering Earnings Outlook Cut Due to Drop in Wine and Spirit Sales.Warning Sign? Bullish U.S. Households Reach 42% of Total Financial Assets in Stock Allocations, Highest on Record since 1952!Dockworkers Union Threaten Strike if New Labor Deal Isn’t Agreed to by Sept. 30. Workers asking for 77% Pay Increase Over 6 Years.Gap’s Surprising Q2 Earnings Release Plus Raised Operating Income Forecast. Exxon Joins OPEC Warning of Looming Oil Supply Crisis Despite Contrasting Forecasts From the International Energy Agency (IEA) and Others.*Wall Street Journal Editorial Board: Oil Production in Gulf of Mexico Endangered? NextDecade’s Rio Grande Liquified Natural Gas (LNG) Permit Vacated in Appeals Court?SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust, Invesco QQQ Trust Series 1 and SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (09/05/2023 – 09/04/2024)– Courtesy of Bloomberg LP
U.S. Institute for Supply Management’s (ISM) Purchasing Manager’s Index, Seasonally Adjusted (09/06/2019 – 09/04/2024)– Courtesy of Bloomberg LP
Gross Domestic Product (GDP) U.S. Chained Dollars – Quarter over Quarter, Seasonally Adjusted at Annual Rate (09/06/2019 – 09/04/2024)– Courtesy of Bloomberg LP
Department of Energy’s Cushing Oklahoma Crude Oil Total Stocks (08/23/2014 – 08/23/2024)– Courtesy of Bloomberg LP
Nuveen Quality Municipal Income Fund (09/05/2023 – 09/04/2024)– Courtesy of Bloomberg LP
Profit ReportThe continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What did profit reports, forecasts, and trading activity for Best Buy and Dollar General appear to indicate about the current US economy?A: The economy appears to be healthy for upper income levels and strained for lower income levels.Q: Would you pay $42 million for a restaurant with $4 million in sales?A: The current market value of CAVA restaurant group is $13 billion for 309 restaurants with under $1.3 billion in sales. Some companies appear to be bargains and some companies appear to be over-priced.Headline Round UpDow Jones Industrial Average Hits Another Record High!Exxon Joins OPEC in Warning of Looming Oil Supply Crisis.Dallas Lags Behind Nationwide Home Price Increases Over the Past Year: 2.3% vs 6.5%.Abercrombie and Fitch Plunges 15% On CEO Warning “Increasingly Uncertain Environment.”US Gross Domestic Product Growth Revised Upward to 3% for Q2. Q3 Estimated by Atlanta Fed at 2%.Bickering Billionaires: Co-CEO’s Both Resign and Appoint New Co-CEO’s for $60 Billion Two Sigma Hedge Fund.Free Electricity? European Power Prices turn Negative due to Wind and Solar Increased Generation Briefly.Texas Hit Unofficial Record for Electricity Use Last Week. ERCOT Touts Victory due to Significant Additions of Storage, Solar, Wind, and Additions to Gas Resources.Bumper Crops Result in Year Over Year Price Drops -19% to -37% Forcing Growers to Difficult Changes.Cheniere Energy Flush with Cash Raises Share Buyback Targets.EV Hybrid Share of Market Increased to 19% vs 81% Traditional.Closed Nuclear Plant In Michigan Being Brought Back to Life.Oops! Wealth Taxes Chases Away Norwegian Billionaires.Durable Goods Orders Spiked 9.9% in July.Auto Industry EV Retreat Hastens. Losses Hitting Earnings.Luxury Watch Prices Have Fallen 9 Quarters in a Row.PWC Faces Blowback from Chinese Regulators for Chinese Developers Bust.Barron’s Loves Arlington, Texas Based D.R. Horton.U.S. Personal Consumption Expenditure Core Price Index Year over Year (07/31/2018 – 07/31/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (08/31/2023 – 08/30/2024)– Courtesy of Bloomberg LP
Best Buy Co. Inc. Year to Date (12/29/2023 – 08/30/2024)– Courtesy of Bloomberg LP
Dollar General Year to Date (12/29/2023 – 08/30/2024)– Courtesy of Bloomberg LP
Cava Group Inc. (06/14/2023 – 08/30/2024)– Courtesy of Bloomberg LP
Nvidia Corp. Year to Date (12/29/2023 – 08/30/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Profit ReportUncertainty and Potential Election Volatility?Raise some cash and pick bargain targets?The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: With recent financial headlines focused on the Federal Reserve, what is an economic issue that many investors might miss?A: The Federal Reserve’s current projections forecast a decrease in the overnight bank lending rate from 5.25% to 2.8% by 2027. The decrease in cash rates and money market rates likely increases the relative value of high cash flow assets.Q: With different possible election outcomes soon, what are some important issues for long term investors to consider?A: Investors should prepare for resulting tax policy changes, regulatory changes, and government spending changes from any new administration.Headline Round UpOops! Department of Labor Overstated Job Growth by 818,000 in the 12 Months That Ended in March. Employers added 174,000 jobs instead of 242,000 jobs leading to a downward revision of 28%. Federal Trade Commission’s Ban on Non Compete Agreements Rejected by Federal Judge in Texas!Target Spikes to a Three Month High This Week as It Beats Q2 2024 Profit, Revenue and Comparable Sales Expectations!Peloton Spikes 40% as Turnaround Plan Sees Success and Losses Shrink?Tesla Lags in Offering Driver Assistance Features in China While Chinese Electric Vehicle (EV) Makers Already Sell Models with Tech in Chinese Domestic Market.Tesla Issues Another Recall This Week? 9,100 model X SUVs literally coming “unglued”?Clean Fuel Start Ups Collapsing Due to Rising Costs, Extended Project Timelines & Delays in Receiving Tax Credits.Carl Icahn Charged by SEC For Failing to Disclose Billions in Personal Loans Backed by Icahn Enterprises, L.P. Stock. The “#1 Most Profitable Hedge Fund Manager of All Time,” and It Says So on The Elevator Doors at Its Miami Headquarters! Canadian Convenience Store Giant, Circle K Offers $38 Billion for 7-11 in a “Friendly, Non-Binding” Proposal!AON, PLC Says Employer Health Care Costs Set to Increase Another 9% Next Year?U.S. Manufacturing Activity Contracts at Fastest Pace This Year Early This Month. “…Inflation is continuing to slowly return to normal levels and the economy is at risk of slowing amid imbalances”, Says Chris Williamson, Chief Business Economist at S&P Global Market Intelligence.Enbridge, Inc.’s CEO, Greg Ebel Says U.S. Liquefied Natural Gas (LNG) Doubling on “Colossal” Artificial Intelligence (AI) Power Use. Zoom Zooms on New Products and Sales Growth in Q2. Ford Delays EV Production at New Tennessee Plant and Scraps 3 Row SUV as Business Strategy Shifts to Hybrids.The CEO Who Made 250 Million While His Hospital Chain Collapsed.SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (08/01/2024 – 08/23/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index & Federal Funds Target Rates (08/28/2004 – 08/23/2024)– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust, Invesco QQQ Trust Series 1 and SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (08/24/2023 – 08/23/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Target Corp. (08/25/2019 – 08/23/2024)– Courtesy of Bloomberg LP
Peloton Interactive, Inc. (08/25/2019 – 08/23/2024)– Courtesy of Bloomberg LP
Profit ReportThe equity market’s Armageddon head-fake of early August?The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: High Yielding Global OpportunitiesAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Why did the recent, strong rebound in the equity markets begin with an August trading implosion?A: Some compelling reasons for this include retail sales spiking this past July for the first time since January 2023. Additionally, the Atlanta Federal Reserve’s current GDPNow number for Q3 is 2.4%, indicating recession discussions may have been overblown. Lastly, core U.S. consumer inflation was at 2.9% in July leading to a likely Federal Reserve Interest Rate cut in September.Q: How does the McGowanGroup factor in geopolitical risks, including war, into client portfolio allocations?A: While no investment strategy is perfect, current investments in Energy Infrastructure provide cash flow with potential gains from spikes in Oil and Gas sectors. Furthermore, sustainable forward income from interest and dividends provides likely long-term benefits from reinvestment.Headline Round UpMidas Touch! Former Chipotle CEO, Brian Niccol, Snatched Away to Revive Starbucks with $113 Million Pay Package making him one of the highest paid CEOs in the U.S.! Wall Street Journal: It’s Official, Dallas is “Y’all Street.” Texas’ Emerging Financial Hub Attracting Global Powerhouses. Diabetes Dynamo: Mars Buys Kellanova for $35.9 Billion in Cash to Unite M&M’s, Snickers, Skittles with Pop Tarts, Eggo Waffles, Pringles and Cheez-its. The Leveraged Bets that Came Back to Bite Investors in Early August. Ouch: Silicon Valley Median Home Price Tops $2 Million in Q2 This Year. Real Estate Commission Confusion Over New Rules?U.S. Battery Gold Rush: $1.4 Billion Sodium-Ion Factory Lands in North Carolina.Houston Texas Lands Chevron HQ from California. U.S. Oil Industry: Big Productivity Gains with Fewer Workers. $84 Billion in Taxpayer Dollars Tied Up in Stalled Green Power Projects! Financial Times reports on $228 Billion tracked by their investigative team.Southwest Airlines Transformation? Elliot Investment Management Launches Proxy Battle. Bank of America No Longer Predicting Recession Says CEO Brian Moynihan. Victoria’s Secret Stock Spikes as New CEO is Named! Hillary Super, Former CEO for Rihanna Brand Savage X Fenty, is Tapped to Lead Turnaround! Keeping Up with Jerry Jones! Dallas Cowboys First Sports Team to Pass $10 Billion Valuation This Year.*BLING! Texas Olympians and the Most Olympians by State. Stanford University Olympians Took Home 39 Medals?SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 08/16/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 and SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 08/16/2024)– Courtesy of Bloomberg LP
Starbucks Corp. – Daily (08/12/2024 – 08/16/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Profit ReportThe equity market’s Armageddon head-fake of early August?The continued evolution of McGowanGroup Wealth Management investment plans.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: Equity Investing Long Term LessonsAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What happened to the tech stock rally in the equity markets recently?A: It appears that, based upon global money flows, borrowing at low rates in Japan allowed hedge funds to buy U.S. tech stocks on leverage and gain the advantage from the decline in yen value through July 10th. The tech correction corresponded to the Bank of Japan raising interest rates increasing the yen value while fear buying sent the 10 Year U.S. Treasury yield below 4%. See the charts below for more information.Q: Is there any good news lately in the financial markets?A: S&P 500 Index companies have reported earnings growth of about 9% over last year with over 80% of the companies reporting so far.Headline Round Up3M Boosts Profit Forecast as New CEO, Bill Brown, Takes the Helm. Federal Reserve Statement Acknowledges Inflation Progress. Potential interest rate cut at next Federal Reserve meeting September 17th-18th?Wall Street Bears Warn of Risks to Stocks from Slowing Economy. Surprise! The Latest Q3 Real GDPNow Growth Estimated at 2.9%.Homeowners Insurance Premiums Between May 2023 – May 2024 Rose 21% Last Year, Says Policygenius. One Million People Now Owe More Than $200,000 in Federal Student Loans!Office Loans are Toxic & Apartment Loans in Bad Shape Too. JPMorgan Provides Staff with Artificial Intelligence (AI) Powered “Research Analyst” Chatbot. God Bless Texas! Power-Hungry Data Centers Are Gobbling Up Texas in AI Boom. Cryptocurrencies Fizzle After Exchange Traded Funds (ETFs) Hype! Investors look out below? Palantir Surges After Boosting Annual Profit Forecast. Airbnb Shares Slide on Weaker Outlook Forecast as Bookings Miss Analysts Estimates.*The 5 Highest Paying Oil and Gas Dividend Stocks for This Summer by OilPrice.com.Invesco QQQ Trust Series 1 (12/29/2023 – 08/09/2024)– Courtesy of Bloomberg LP
SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 08/09/2024)– Courtesy of Bloomberg LP
U.S. Dollar to Japanese Yen Currency Exchange Rate (08/11/2021 – 08/09/2024)– Courtesy of Bloomberg LP
NVIDIA Corp. (12/29/2023 – 08/09/2024)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 08/09/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Profit ReportFuture Decamillionaires from the 2024 Olympics?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: Equity Investing Long Term LessonsAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What has led the Dallas Business Journal to proclaim Dallas Ft. Worth “Y’all Street,” and the Dallas Morning News to proclaim Dallas “The New Capital of Capital”?A: Dallas has arguably become home for the second largest population of financial services professionals. The new Texas Stock Exchange sponsored by Blackrock, Citadel, Fortress and others will be headquartered here as well. Goldman Sachs and Fidelity also have regional headquarters here and lastly, Charles Schwab declared Westlake their headquarters years ago!NetWorth Radio’s Texas Global Business Leadership Series: The Future of Energy Infrastructure – Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.Papadean’s Corner of Wisdom• Taxes and Regulation Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: Expectations for the Decade AheadAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What are some of the reasons technology stocks were roasted in the equity markets this week?A: It appears that profit taking started after the July 10th peak in the Nasdaq 100 index. Recently, Tesla reported a 43% drop in profits from last year and selling accelerated in the tech sector. High stock valuation multiples, slowing growth rates for companies, and Artificial Intelligence (AI) related capital expenditures appear to be key factors.Q: What was some good news for the financial markets this week?A: Second quarter U.S. Gross Domestic Product (GDP) growth was reported at a healthy 2.8%! The Atlanta Federal Reserve’s Real GDPNow estimate was 2.6% on July 24 underscoring the value of those estimates.Headline Round UpA Stock Market Rotation of Historic Proportions! Tech’s Splurge on AI Infrastructure Arms Race Forcing Spending.Alphabet’s Google Smacked After Reporting More AI Spending. Viking Therapeutics Joins Weight Loss Mania! Spikes 20% on Early Entry Into Late-Stage Trial.Oversupply for Some Car Brands Shocks Auto Stocks Mid-Week. General Motors Delays Orion Assembly Electric Pick Up Plant Until Mid-2026. Oil Smacked Below $80, Reports of Asia Demand Slowing as Inventories Actually Fell for the Week. Will Net-Zero Initiatives Double Copper Demand By 2035? Overpriced? Home Prices Hit Another Record Yet Existing Home Sales Fall to Slowest Paces Since 2010. Homebuilder Stocks Stage Wild Rally Hopeful of Interest Rate Cut? Past Due Credit Cards Highest Share Since 2012? UPS Tumbles 11% on Worse Than Expected Earnings & Forecasting Lower Revenue. Spotify Surges on Crossover Point to Profitability with Record Profit & Subscriber Boost. Ether Exchange Traded Funds (ETFs) Launch Fizzles Down 9% for the Week. Blackstone Mortgage Trust, Inc., A Commercial Mortgage Real Estate Investment Trust (REIT), Pounded After Dividend Cut.Amazon’s Alexa Losing Billions? American Airlines, Southwest, and Delta Stocks Pounded on Future Earnings Declines This Year. Berkshire Harvests Part of Their Bank of America Position, But It is Still Their Second Largest Equity Position.Dow Jones Industrial Average Index (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Russell 2000 Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Russell 2000 Value Index – Quarterly Earnings Analysis by Sector (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Alphabet, Inc. (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
NVIDIA Corp. (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
Tesla, Inc. (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
Meta Platforms, Inc. (12/29/2023 – 07/26/2024)– Courtesy of Bloomberg LP
Profit ReportPolitics and Economic Forecasts: Warren Buffet’s Wisdom from 1994! Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: Expectations for the Decade AheadAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Based on current financial market conditions, what are some strategies to raise tactical safety.A: The Tree and the Fruit: harvesting 10-30% of highly appreciated positions? Premium bond and bond fund harvests before and after the first potential rate cut(s)? Hard sell alerts for underperformers that break support? Selling a portion of highly appreciated growth funds?Q: Where do economists think the economy is heading?A: Stay tuned for WSJ’s latest survey.Headline Round UpDow Jones Industrial Average Hits 41,000 for the First Time in History.Tech Stock Sell Off!Wall Street wants in on America’s Battery Storage Boom!Nuclear Future: Advance Act Streamlines Approval Process.Meta in Talks for Stake in Ray-Ban Maker in Smart Glasses Push.Evictions Surge in Major Cities in the American Sunbelt?Brad Sumrok, “Apartment King” Students Get Margin Calls?Stretched Consumers? Furniture Sales Fall 7% vs 2023. Building Materials, Garden Equipment, Sporting Goods Down Over 3%.Will the Federal Reserve Cut Rates in September?Ken Griffin, Founder and CEO of hedge Fund Citadel Buys Stegosaurus for $45 Million.Musk Moves X and SpaceX to Texas, and Tesla Announces Hiring of 800 New Employees.Cold Pizza? Dominos Falls Most Since 2012 After Pulling Store Growth Target.DR Horton, America’s Homebuilder, Spikes on Optimistic Outlook.Gold Hits Record as Fed Pivot Bets Ramp Up.*Microsoft Lays Off DEI Team Due to “Changing Business Needs”. Deere Retreats DEI after Online Attacks from Conservative Commentator, Robby Starbuck. Tractor Supply also ends Programs after Conservatives launched a Boycott.SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 07/19/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/29/2023 – 07/19/2024)– Courtesy of Bloomberg LP
Standard & Poor’s Earnings Growth (05/16/2024 – 08/15/2024)– Courtesy of Bloomberg LP
Domino’s Pizza Inc. (12/29/2023 – 07/19/2024)– Courtesy of Bloomberg LP
Federal Register Pages vs. CPI Year over Year Percent Change (1960- 2023)– Courtesy of Bloomberg LP
Recurrent Midstream Partners Total Return (07/19/2019 – 07/18/2024)– Courtesy of Bloomberg LP
Profit ReportPolitics and Economic Forecasts: Warren Buffet’s 1994 AdviceResearch Round Up!Cohen and Steers: Expectations for the Decade AheadAllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow SurplusesInvestors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*
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Top Financial Market Surprises of 2024 So FarImpressive Equity Market Returns!Artificial Intelligence (AI) Mania.AI Fail: IBM’s Watson Gets Fired from McDonald’s?Weight Loss Mania.The Controversial Return of Meme Stock Investor Roaring Kitty.Morgan Stanley’s Bearish Chief Investment Officer, Mike Wilson, Reverses Course. Persistent and Sticky Inflation Numbers?The Federal Reserve Delays Interest Rate Cuts?Electric Vehicles (EVs) Hit the Wall?Gross Domestic Product (GDP) Growth Forecasted 3% for Second Quarter.Bitcoin Exchange Traded Funds (ETFs) Launch Drives Cryptocurrency Rally Before Pulling Back on a $10,000 Per Coin Correction. Argentina Runs a Budget Surplus and Inflation Plummets, But at What Cost? It Ain’t Easy Being Green: EV Maker Fisker, Inc. Bankrupt While Renewable Energy Companies SolarEdge Technologies, Inc. and Array Technologies, Inc. Plummet From a Year Ago.The XIT Ranch: Financial Lessons From the Amazing History of the Great State of Texas!The King Ranch DynastyThe 10 Stages of Estate Planning with Powerful Insights from McGowanGroup Asset ManagementResearch Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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McGowanGroup Wealth Management 2024 Q3 Client UpdateTeam Member Update HighlightsJoyce Cheng is moving back from San Francisco and will resume her career with McGowanGroup during August as our Chief of Staff! With Joyce’s readdition to the team, Harrison Smith will now devote his primary focus as one of our four wealth managers. The investment in expanding our team’s capabilities underscores the McGowanGroup’s commitments to Excellence in Service and relentless pursuit of Superior Client Profits.We remain fully committed to protecting your portfolios, delivering great service, and owning long term empowering assets.2024: A Year of New Highs So FarAt the beginning of 2024 our client update included this paragraph:“A 2024 Magic Carpet Ride? One of the primary factors over the past 2 years, of course, was the Federal Reserve interest rate tightening cycle, which corresponded to the bear market of 2022. Future cash flows are worth less when cash rates are relatively high. The Federal Reserve’s most recent projections show a return to a more normal 2.5% over the next 3 years for the Federal Funds Rate and corresponding rates on Treasury Bills. For high cash flow assets, a lower discount rate increases the net present value of future cash flows. So far, so good. Current expectations appear to indicate rate cuts beginning towards the end of 2024”.Artificial Intelligence: Mania, Hype, and Reality? Yes, Yes, and Yes?At this writing, Artificial Intelligence (AI) driven technology companies are leading the rally while the Dow Jones Industrial Index is up single digit returns year to date. These tech stocks are continuing a rally well into double digit returns for the year so far. Data center expansion is likely the first phase of capabilities to improve efficiency. Money flows into these stocks are clearly anticipating productivity and profit gains that could take longer than anticipated to materialize for investors.Profit Impact?Assuming a 1990’s technology increase in productivity that accompanied internet and PC adoption, The S&P 500 forecasts a potential 33.3% gain in profits before the end of 2025 from the end of Q1 2024. Is this overly optimistic? One danger is over-anticipation of profit increases explaining companies exhibiting multiple expansion. Reasonable valuations, owning great businesses, and real cash flow from earnings could be solutions to that danger.Recession?The Atlanta Federal Reserve Real GDPNow estimate for Q2 stands at 3.1%, as of June 18, 2024. This is not a recession, but future client updates will detail some of the dangers we are anticipating at the end of 2025.Energy InfrastructureAs of December, Recurrent Advisors estimated that energy infrastructure companies are trading at about six times cash flow. The prospective resulting increase in assets under control per share would equate to about 40% over a 5-year period in addition to the cash dividends.Global High YieldOur four primary High Yield managers delivered an impressive 2023. The current yield, equally weighted is currently above 8%. The resulting appreciation potential during declining interest rates could be impressive assuming bonds drift back towards par values or higher as interest rates fall. We have established harvest targets to move portfolios to tactical safety as warranted.Blue Chip AdditionsThe McGowanGroup Wealth Management Investment Committee successfully added names from the following sectors: Nuclear, Utilities, Pharmaceuticals, and AI related technology during 2023 dips. Research is ongoing as the McGowanGroup looks to take advantage of future corrections.Our Next Steps?Equity Market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested.A Cautionary NoteElection years provide equal opportunities for rejoicing and lamentations. The temptation to let politics drive portfolio decisions often leads to distraction and mistakes. Let not your heart be troubled, we are on the case and grateful to serve.We wish you and your family a happy summer and a prosperous rest of the year!Spencer McGowan and The Team That Cares!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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McGowanGroup Wealth Management 2024 Q3 Client UpdateTeam Member Update HighlightsJoyce Cheng is moving back from San Francisco and will resume her career with McGowanGroup during August as our Chief of Staff! With Joyce’s readdition to the team, Harrison Smith will now devote his primary focus as one of our four wealth managers. The investment in expanding our team’s capabilities underscores the McGowanGroup’s commitments to Excellence in Service and relentless pursuit of Superior Client Profits.We remain fully committed to protecting your portfolios, delivering great service, and owning long term empowering assets.2024: A Year of New Highs So FarAt the beginning of 2024 our client update included this paragraph:“A 2024 Magic Carpet Ride? One of the primary factors over the past 2 years, of course, was the Federal Reserve interest rate tightening cycle, which corresponded to the bear market of 2022. Future cash flows are worth less when cash rates are relatively high. The Federal Reserve’s most recent projections show a return to a more normal 2.5% over the next 3 years for the Federal Funds Rate and corresponding rates on Treasury Bills. For high cash flow assets, a lower discount rate increases the net present value of future cash flows. So far, so good. Current expectations appear to indicate rate cuts beginning towards the end of 2024”.Artificial Intelligence: Mania, Hype, and Reality? Yes, Yes, and Yes?At this writing, Artificial Intelligence (AI) driven technology companies are leading the rally while the Dow Jones Industrial Index is up single digit returns year to date. These tech stocks are continuing a rally well into double digit returns for the year so far. Data center expansion is likely the first phase of capabilities to improve efficiency. Money flows into these stocks are clearly anticipating productivity and profit gains that could take longer than anticipated to materialize for investors.Profit Impact?Assuming a 1990’s technology increase in productivity that accompanied internet and PC adoption, The S&P 500 forecasts a potential 33.3% gain in profits before the end of 2025 from the end of Q1 2024. Is this overly optimistic? One danger is over-anticipation of profit increases explaining companies exhibiting multiple expansion. Reasonable valuations, owning great businesses, and real cash flow from earnings could be solutions to that danger.Recession?The Atlanta Federal Reserve Real GDPNow estimate for Q2 stands at 3.1%, as of June 18, 2024. This is not a recession, but future client updates will detail some of the dangers we are anticipating at the end of 2025.Energy InfrastructureAs of December, Recurrent Advisors estimated that energy infrastructure companies are trading at about six times cash flow. The prospective resulting increase in assets under control per share would equate to about 40% over a 5-year period in addition to the cash dividends.Global High YieldOur four primary High Yield managers delivered an impressive 2023. The current yield, equally weighted is currently above 8%. The resulting appreciation potential during declining interest rates could be impressive assuming bonds drift back towards par values or higher as interest rates fall. We have established harvest targets to move portfolios to tactical safety as warranted.Blue Chip AdditionsThe McGowanGroup Wealth Management Investment Committee successfully added names from the following sectors: Nuclear, Utilities, Pharmaceuticals, and AI related technology during 2023 dips. Research is ongoing as the McGowanGroup looks to take advantage of future corrections.Our Next Steps?Equity Market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested.A Cautionary NoteElection years provide equal opportunities for rejoicing and lamentations. The temptation to let politics drive portfolio decisions often leads to distraction and mistakes. Let not your heart be troubled, we are on the case and grateful to serve.We wish you and your family a happy summer and a prosperous rest of the year!Spencer McGowan and The Team That Cares!Top Financial Market Surprises So Far in 2024?Impressive Equity Market Returns!Artificial Intelligence (AI) Mania.AI Fail: IBM’s Watson Gets Fired from McDonald’s?Weight Loss Mania.The Controversial Return of Meme Stock Investor Roaring Kitty.Morgan Stanley’s Bearish Chief Investment Officer, Mike Wilson, Reverses Course. Persistent and Sticky Inflation Numbers?The Federal Reserve Delays Interest Rate Cuts?Electric Vehicles (EVs) Hit the Wall?Gross Domestic Product (GDP) Growth Forecasted 3% for Second Quarter.Bitcoin Exchange Traded Funds (ETFs) Launch Drives Cryptocurrency Rally Before Pulling Back on a $10,000 Per Coin Correction. Argentina Runs a Budget Surplus and Inflation Plummets, But at What Cost? It Ain’t Easy Being Green: EV Maker Fisker, Inc. Bankrupt While Renewable Energy Companies SolarEdge Technologies, Inc. and Array Technologies, Inc. Plummet From a Year Ago.Headline Round UpPredictions for Zero Oil Supply Growth in 2024 & 2025 Says Rystad Energy? Cruise! Carnival Boosts Full Year Earnings Outlook on Record Breaking Cruise Demand. Spot Rate for Shipping Container Rates Surges Again for Ninth Straight Week! Dell Technologies, Inc. and Super Micro Computer, Inc. Surge on AI Factory Announcements. Goldman Sach’s Asset Management Arm Raises Another $3.4 Billion for Buying Stakes in Private Real Estate Funds.Dallas Police and Fire Pensions Average Just 2% Returns for Last 10 Years vs. Houston Fire Pension 8.7% and Police Pension at 8.4%.North Texas Home Prices Up 3.4%, But Lagging the 20 City Average of 7.4% per the April S&P CoreLogic Case-Shiller Prices by City Index.Skid RowEV Maker Rivian Gets a $5 Billion Infusion from Volkswagen? The Suits at Monster Beverage Canned the Deep Ellum Brewery?SPDR S&P 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
NVIDIA Corp. (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
GameStop Corp. (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
C.B.O.E. 30 Year Treasury Bond Yield Index, 10 Year Treasury Note Yield Index & Short-Term Interest Rate Index (06/30/2019 – 06/28/2024)– Courtesy of Bloomberg LP
Bitcoin (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
Array Technologies Inc. (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Spot Price (12/29/2023 – 06/28/2024)– Courtesy of Bloomberg LP
Profit ReportTax Efficient Giving Strategies:1. Direct donations of highly appreciated stock?2. Qualified Charitable Distributions (QCDs) from IRA’s?3. Donor Advised Funds?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: Expectations for the Decade Ahead.AllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Could long U.S. Treasury bond rates spike as short U.S. Treasury bond rates fall?A: To reverse the inversion of the yield curve back to a more normal reward for duration risk, long rates would have to rise as the Federal Reserve (Fed) lowers the overnight bank lending rate.Q: What happens to the net present value of the stock market under net proposed corporate tax rules? A: A potential reduction in the value of future S&P 500 Index net earnings of 25%. Currently, Democrats propose raising corporate tax rates to 28% from 21% and Republicans discuss maintaining or lowering the 21% rate.Headline Round UpSoaring U.S. Debt Estimates With a Huge Increase Since This Past February? Microsoft’s Artificial Intelligence (AI) Empire. OpenAI Was Just the First Step. Condo Insurance Soars in California Pushing Median Condo Association Dues to $480 Per Month. Nvidia Will Get a 20% Weighting in the Technology Sector SPDR Fund, XLK. “Thin market”? Chief Economist at New Century Advisors, Claudia Sahm, Says Fed is “Playing with Fire” by Not Cutting Interest Rates. Another New Tax? Underpayment Penalties for Quarterly Tax Filers Nearly Quadrupled in 2023 to $7 Billion. Goldman Economist, Jan Hatzius, Expects Interest Rate Cuts in September and December. New Home Construction Slows in May to Four Year Low. MicroStrategy Inc.’s Bitcoin Strategy: $800 Million More Debt to Buy Bitcoin? They now hold over 226,000 Bitcoin with a value of about $14.9 Billion which is up 600% since they began purchasing it. Bill Gates Ready to Put Billions in Nuclear Power. Solar Growing Faster than Any Electricity Source as Big Tech Seeks Clean Energy for Data Centers. Fisher Investments Founder and Owner, Ken Fisher, Cashing Out $2.5 Billion Following Minority Stake Sale. Electric Vehicle (EV) Slowdown Gets Real Says OilPrice.com’s Irina Slav. EV Makers Target a $25,000 Car for the U.S. as High-End Growth Slows. Mergers and AcquisitionsHoneywell Buys Aerospace and Defense Technology Company CAES Systems for $2 Billion.Skid RowEV Maker Fisker Files for Bankruptcy.SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust (12/29/2023 – 06/21/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 & SPDR S&P 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 06/21/2024)– Courtesy of Bloomberg LP
C.B.O.E. 30 Year Treasury Bond Yield Index, 10 Year Treasury Note Yield Index & Short-Term Interest Rate Index (06/23/2019 – 06/21/2024)– Courtesy of Bloomberg LP
NVIDIA Corp. (12/29/2023 – 06/21/2024)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Spot Price (06/23/2019 – 06/24/2024)– Courtesy of Bloomberg LP
U.S. New York Federal Equifax Transition – Serious Delinquency 90+ Days For Auto Loans by Age Index (06/22/2019 – 03/31/2024)– Courtesy of Bloomberg LP
U.S. Treasury Federal Budget Debt Summary – Deficit or Surplus, Non-Seasonally Adjusted Index (06/20/2021 – 05/31/2024)– Courtesy of Bloomberg LP
Profit ReportTax Efficient Giving Strategies:1. Direct donations of highly appreciated stock?2. Qualified Charitable Distributions (QCDs) from IRA’s?3. Donor Advised Funds?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: Expectations for the Decade Ahead.AllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: How did this week’s disinflationary Consumer Price Index (CPI) and Producer Price Index (PPI) reports correspond to movements in leading technology stocks?A: This past Thursday, Microsoft, Nvidia, and Apple made new all-time highs along with the Nasdaq Index. Potential in long term Interest Rate reductions increase the value of future earnings and growth using a model of future discounted cash flows. Correspondingly, high Inflation and Federal Reserve interest rate increases during 2022 appeared to exacerbate the decline in tech stocks.Headline Round UpMay: Consumer Price Index Inflation Zero for the Month & Producer Price Index Inflation at -0.2% signaling possible Deflation?Skyrocketing Auto and Home Insurance Rates! Key factors according to the Editorial Board of the Wall Street Journal (WSJ)! Michael Dell Cashing in Record $2.9 Billion of Dell Technologies Sales This Year. General Motors (GM) Buying Back More Stock! Total $16 Billion announced so far. 25% of Executives along with 20% of HR Professionals Hoped Return to Office Mandates Would Make Some Workers Quit. Activist Elliot Management Takes 1.9 Billion Stake in Southwest Airlines After Taking Similar Stake in Texas Instruments. Plans a push for leadership changes?Apple Intelligence: A Guide to Apple’s “AI-In-Everything” Strategy.Canadian Solar Expanding Again in Mesquite! On Track to Be Second Largest Private Employer in Mesquite. World Bank Raises Global Growth Forecast on Strong U.S. Growth Expansion. International Energy Agency (IEA) Projects Oil Oversupply by 2030? German Voters Appear to Sour on Net-Zero Climate Policies in Elections as German Green Party Emerges as Biggest Loser? WSJ’s Reporter Andy Kessler: Your Government at Work or “Why politicians and industrial policy will always find ways to execute poorly”. Broadcom Soars After Q2 Earnings Beat Estimates and the Annual Sales Forecast Was Increased! Also announced a 10 – 1 stock split for July! NextEra Energy, Inc: Artificial Intelligence (AI) Boom Spurs Need for Big City-Scale Data Centers. Andrew Left, Owner of Citron Research, Closes Bold GameStop Short as Company Announced $2.1 Billion Stock Sale. What will GameStop do with $4 Billion in cash? U.S. Copper Giant, Freeport-McMoRan, Inc., Says it Can Unlock the Equivalent of a Large New Mine’s Worth of Production From Its Existing Assets by Applying New Processing Technology. PIMCO Warns of More U.S. Regional Bank Failures Due to a “Very High” Concentration of Troubled Commercial Real Estate Loans on Their Books.Mergers and AcquisitionsDallas Based Matador Resources Co. to Buy $1.9 Billion in Permian Assets from EnCap Investments, LP.*Shell Said to be Frontrunner in Bidding for Assets of Trading Firm Pavilion Energy Pte. Owner of Pavilion, Temasek Holdings Pte, seeking at least a $2 Billion valuation!Dow Jones Industrial Average Index (12/29/2023 – 06/14/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (06/14/2021 – 05/31/2024)– Courtesy of Bloomberg LP
U.S. Producer Price Index – Finished Goods Seasonally Adjusted, Month over Month (06/14/2021 – 05/31/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 & SPDR S&P 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 06/14/2024)– Courtesy of Bloomberg LP
C.B.O.E. 30 Year Treasury Bond Yield Index, 10 Year Treasury Note Yield Index & Short-Term Interest Rate Index (06/16/2019 – 06/14/2024)– Courtesy of Bloomberg LP
Broadcom, Inc. (12/29/2023 – 06/14/2024)– Courtesy of Bloomberg LP
GameStop Corp. (12/26/2023 – 06/14/2024)– Courtesy of Bloomberg LP
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: Expectations for the Decade Ahead.AllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Where will the newly announced Texas Stock Exchange be located? Who is backing this venture & why is the exchange being founded in the first place?A: Stayed tuned to this week’s show as Spencer McGowan & Alex Tollen dig into the important answers!Q: What are some of the top Financial Surprises for investors in the first half of 2024?A: The Dow Jones Industrial Index recently topped 40,000 for the first time. Federal interest rate cuts have been delayed. Price to Earnings multiples for companies have expanded and artificial intelligence (AI) mania accelerates the data center boom to name a few.Headline Round UpGlobal Interest Rate Cuts Starting! Bank of Canada and the European Central Bank (ECB) both announced .25% reduction this week. Nvidia Mania: 10-1 Stock Split Excites Retail Investors, But Are They “Too Much in the Sun”? Novo Nordisk Hits Another All Time High This Week? Quantum Computers Beginning to Be Utilized for Commercial Use?Busy Week for the Department of Justice (DOJ) and the Federal Trade Commission (FTC) as Both Investigate Antitrust & Anticompetitive Concerns Among Tech/AI Companies.Saudi Aramco Stock Sale of 1.545 Billion Shares Could Raise Up To 12 Billion Which equates to .64% of Company. How Many Shares Are There?Cooling Labor Demand? Job Openings Fall to 8 Million from 8.355 Million Last Month. The Billionaires Who Bought Out 70% of Downtown Offices & Transformed Detroit. PIMCO Sees Inflation Receding and Underscores Potential Bond Opportunities. Oil Drops on Bearish Sentiment as OPEC (Organization of Petroleum Exporting Companies) Commits to Extending Voluntary Cuts to Third Quarter 2024.*What Really Happened to Fort Worth’s Tallest Tower?Dow Jones Industrial Average Index (12/29/2023 – 06/07/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/29/2023 – 06/07/2024)– Courtesy of Bloomberg LP
NVIDIA Corp. (06/09/2019 – 06/07/2024)– Courtesy of Bloomberg LP
Novo Nordisk A/S (06/10/2019 – 06/07/2024)– Courtesy of Bloomberg LP
GameStop Corp. (06/06/2024 – 06/07/2024)– Courtesy of Bloomberg LP
GameStop Corp. (12/29/2023 – 06/07/2024)– Courtesy of Bloomberg LP
Preston’s LaneSocial Media Investment Phenomenon “Roaring Kitty” Keith Gill!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Election Outcomes: Winners and LosersAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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NetWorth Radio’s Texas Global Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.
Q: At this week’s lows the Dow Jones Industrial Average (Dow Jones) had dropped about 2,000 points or 5% below its recent peak of over 40,000 two weeks ago. What are some of the key factors contributing to this decline?A: Salesforce, Inc. reported as much as 8% revenue gain for the period ending this July, but lowered forward guidance resulting in a near 20% single day drop. Also, CNBC reported that preparation for the core Personal Consumption Expenditures Price Index (PCE) inflation announcement corresponded to additional selling motivation before Friday’s report. Lastly, recent spikes in long U.S. Treasury bonds have created additional pressures that have had a negative effect on the Dow Jones.Headline Round UpKevin O’Leary, “Mr. Wonderful,” Wants to Buy TikTok with Your Help. Using StartEngine to crowdfund purchase?Record Home Prices: North Texas Home Prices Up 3.62% Over the Past Year. Nationwide prices are up 7.38%. Kohl’s Smacked By 20% on Surprise Q1 Losses. Also lowered sales forecast for the year.Travel Peak? American Airlines Smacked 15% This Week on Lower Revenue Estimates.Abercrombie & Fitch, Co. Spikes to All Time High on Better Than Expected Q1 Sales & Updated Growth Estimates.$65 Billion Activist Hedge Fund, Elliott, Takes $2.5 Billion Stake in Texas Instruments. After 2 Years of Selling, Investors Have Added $172 Billion, So Far This Year, to Stock & Bond Funds.HP, Inc. Spikes as Q2 Revenue Beats Analysts Expectation Due to Robust PC Demand.Foot Locker Spikes 30% as Retailer’s Turnaround Plan is On Track. Birkenstock Stock Soars 15% After Updated Earnings Forecast. Former Board member Explains Why OpenAI CEO Sam Altman was Fired? Ether Exchange Traded Funds (ETFs) Heading Towards Approval After SEC Rule Change.S&P 500 Index Companies Profit Margin’s Heading to 16 Year High!Republican’s Debate Extending Tax Cuts Beyond 2025? What are the fiscal impacts of extending these tax cuts?The Highest Paid CEO’s of 2023?Mergers & AcquisitionsEnergy Transfer, LP to Buy Permian Operator WTG Midstream for $3.25 Billion in Cash & Stock.ConocoPhillips to Buy Marathon Oil in a $17 Billion All Stock Deal!Skid Row”I’m Broke”? Antonio Brown Filed for Bankruptcy, After Earning Over $80 Million during his NFL Career, From an 18,000 Square Foot, 12 Bedroom Mansion in Fort Lauderdale?Dow Jones Industrial Average Index (12/29/2023 – 05/31/2024)– Courtesy of Bloomberg LP
Salesforce, Inc. (06/03/2019 – 05/31/2024)– Courtesy of Bloomberg LP
C.B.O.E. 30 Year Treasury Bond Yield Index & 10 Year Treasury Note Yield Index (06/01/2021 – 05/31/2024)– Courtesy of Bloomberg LP
Marathon Oil Corp. (06/03/2019 – 05/31/2024)– Courtesy of Bloomberg LP
American Airlines Group, Inc. (06/03/2019 – 05/31/2024)– Courtesy of Bloomberg LP
HP, Inc. (05/30/2024)– Courtesy of Bloomberg LP
Generic Copper Futures Contract Spot Price (06/03/2014 – 05/31/2024)– Courtesy of Bloomberg LP
NetWorth Radio’s Texas Global Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.Profit ReportEarnings Details for Some of The Top CEOs. Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Election Outcomes – Winners and LosersAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What are some of the likely explanations for the rally in natural gas prices over the last 90 days? A: Naturalgasintel.com reports hungry for power data center expansion, surplus storage drawdowns, and potential bullish projections of $4.50 per million British Thermal Units (BTUs) for the beginning of 2026.Q: What is likely one of the most important financial headlines so far for 2026?A: The 2017 Tax Cuts and Jobs Act expires at the end of 2025 could increase taxes for U.S. Households in 2026.Headline Round UpArtificial Intelligence (AI) Mania: Nvidia Corp.’s Revenue Triples from a Year Ago & Net Profit Increases Nearly 7 fold in Q1! Sales Triple VDA Profits Quadruple, Sales Nearly Triple. Copper Futures Hit Another Record Taking Prices Over $11,000 USD per Ton!Solar and Wind to Boost U.S. Power Plant Capacity by 80% Before 2035. Utility Index Up 13% More than S&P 500 Index Year to Date? Vistra Corp. up over 150% for the same timeframe? U.S. Justice Department & Nearly 30 States Sue Live Nation to Force Sale of Ticketmaster Over Allegations of “Anticompetitive Practices”.CVS, Walgreens, Rite Aid Closing Hundreds of Stores, Since the Onset of the Pandemic, Amid Fierce Retail Competition. GLP-1 Mania! Hims & Hers Health, Inc. Debuts $199 Compounded Semaglutide Shots.SEC Appears Poised to Approve Ether Exchange Traded Fund (ETF) & Crypto Rally Ensues. Mr. Wilson! Morgan Stanley’s Bearish Strategist, Michael Wilson, Now Sees 2% Gain in S&P 500 Over the Next Year? Jane Yellen Says No to Global Wealth Tax on Billionaires. Current administration is looking to tax earnings of Americans making more than 100 Million at 25% including unrealized capital gains.Target Misses the Mark for the Fourth Straight Quarter. Who Are Some of The Highest Paid CEO’s of 2023?Mergers & AcquisitionsAbu Dhabi National Oil Company Buys a 11.7% Stake in NextDecade Corp.’s Rio Grande Liquified Natural Gas(LNG) Project.Skid RowParents Beware: Some Bosses Have a “Like-O-Meter” that Can Disqualify Candidates During Interviews. Coach your kids on speaking without the crutch and possibly save your retirement portfolio.Luxury Watch Market Hits the Skids as The WatchCharts Overall Market Index is Down 38% in 2 Years. *Commercial Real Estate Crisis: Starwood Capital Group Limits Investor Redemptions in $10 Billion Starwood Real Estate Income Trust.Generic Copper Futures Contract Spot Price (05/25/2014 – 05/24/2024)– Courtesy of Bloomberg LP
Generic Natural Gas Futures Contract Spot Price (12/29/2023 – 05/24/2024)– Courtesy of Bloomberg LP
Generic Natural Gas Futures Contract Spot Price (05/24/2014 – 05/24/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 05/24/2024)– Courtesy of Bloomberg LP
Atlanta Fed GDPNow Real GDP Estimate for 2024 – Q2 (05/24/2024)– Courtesy of The Atlanta Federal Reserve
Profit ReportWhat can investors learn from The Wall Street Journal’s Christopher Mims review of what he got wrong during a decade of predicting the future of tech?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Election Outcomes – Winners and LosersAllianceBernstein: AI Driven Spending Boom and Supercycle*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What appeared to spur the rally to all-time highs on the major equity indexes this week? A: Inflation eased in April below March and February levels. Although producer prices spiked .5% in April, the trailing 12 months at 2.2% is close to the Federal Reserve’s 2% inflation target. Consumer inflation increased at .3% for April, trailing 12 months at 3.4%.Q: “Roaring Kitty” or Dead Cat Bounce? And what caused GameStop and AMC to spike nearly 200% at the peak this week? A: In 2021, Keith Gill rose to social media prominence as “Roaring Kitty”. With his Reddit group of rookie traders, they identified major short positions of hedge funds and instituted strategies to create short squeezes which raised prices of the identified securities. After three years of silence, Roaring Kitty posted a series of X posts over the weekend spurring buying sprees in AMC and GameStop despite questionable financials.Headline Round UpWalmart Posts Impressive Growth & Raises Earnings Forecasts After Sales Rose 3.8% in Q1.Tesla’s Board Chair, Robyn Denholm, & Others at the Company Will Hit the Road to Convince Shareholders to Pay Elon Musk $46B? Home Shortage Over? In April, Texas and Florida Reported Inventories of Homes for Sale Exceeding Pre-Pandemic Levels According to Realtor.com. The Copper Futures Frenzy! Another short squeeze?Under Armour to Restructure as Updated Earnings Forecasts Include a 17% Sales Drop in North America This Year? Power Shortage for High Tech Ambitions? Electric Vehicle (EV) & Hybrid Vehicle Sales Drops in Q1.San Francisco Federal Reserve: Corporate Greed Not to Blame for Price Pressures? $7.5 Billion Later Just 7 Charging Stations According to OilPrice.com? $5 Billion allocated to individual states to build out networks. Department of Motor Vehicles are in charge?Chevron Passes Tesla as Most Shorted Large Cap Stock in America This Past April? Solar Panel Capacity to Quadruple Over the Next Decade? Buffett’s Insights from the Famed Berkshire Hathaway Annual Meeting.Skid RowThe Story of Fort Worth’s Tallest Skyscraper. Once valued at 137 Million now worth 12.3 Million, what happened?Fisker’s Doomed Attempt to Take on Tesla.Dow Jones Industrial Average Index (12/29/2023 – 05/17/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (05/17/2021 – 04/30/2024)– Courtesy of Bloomberg LP
Berkshire Hathaway, Inc. 13F Holding Analysis – Equity Filing Summary (03/31/2024)– Courtesy of Bloomberg LP
Generic Copper Futures Contract Spot Price (05/19/2019 – 05/17/2024)– Courtesy of Bloomberg LP
GameStop Corp. & AMC Entertainment Holding, Inc. (05/13/2024 – 05/17/2024)– Courtesy of Bloomberg LP
GameStop Corp. & AMC Entertainment Holding, Inc. (05/20/2019 – 05/17/2024)– Courtesy of Bloomberg LP
Profit ReportWall Street Journal’s Success Stories from Happy Retirees.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Berkshire Hathaway’s Famous Annual Meeting: What are some of the thing’s investors could learn from Warren Buffett’s annual meeting, shareholder letter, and SEC holdings reports? A: The 25-year track record of Berkshire Hathaway chart shows one of the most successful track records in business. The chart below shows his top publicly traded holdings. Privately held Infrastructure including energy, utilities, and railroads make up a large part of the overall holdings as well.Q: Is the Federal Reserve worried about Inflation? A: According to the Wall Street Journal this week, Federal Reserve Chairman Jerome Powell expressed confidence that consumer prices will resume falling toward the central banks 2% target.Headline Round UpCorporate Profits Up 5.5% Over 2023.Surprise: FTX Creditors Get Paid Back After Crypto Rally & Sale of Assets? Artificial Intelligence (AI) Could Drive a Natural Gas Boom with Surging Electricity Demand. U.S. Nuclear Power Resurgence as Demand Grows for Reliable Clean Energy & Desire to Move Away From Fossil Fuels. China’s Nuclear Capacity Surging by Adding 34 Gigawatts of Power Capacity in the Past Decade. $38 Billion of U.S. Office Buildings Facing Loan Defaults. Highest levels since 2012. Cash Strapped Governments Once Offered Subsidies, Now Pushing Cost to Consumers as Households Wince at the Rising Price of Going Green. U.S. Dept of Energy Announces 3 Million Barrel Oil Purchase vs. 200 Million Released Last Year to Curb Hight Energy Prices.Novo Nordisk Profits Up 28% in Q1 Year over Year. U.S. Chamber of Commerce Filing 22 Lawsuits Over Claims of “Over-Regulation”. U.S. Food & Drug Administration (FDA) Finalized Divisive Plan to Regulate Laboratory Medical Tests Over Concerns About Reliability and Risks to Patients.Federal Trade Commission (FTC) Complaint Alleges That Pioneer’s Scott Sheffield Has Attempted to Collude With Representatives of the Organization of Petroleum Exporting Countries (OPEC) & OPEC+ to Reduce Output of Oil and Gas Which Would Result in Americans Paying Higher Prices at the Pump & to Inflate Profits for His Company.In April, The Biggest Job Gains Came from Healthcare, Social Assistance & Transportation/Warehousing.Disney Stock Pounded as Q2 Update is Not Well Received by Wall Street.Skid RowRoblox Clocked on Lowered Revenue Forecast for 2024!Saudi Arabia’s Money Pit? Scaled back Neom project too expensive even for the Saudis?Dow Jones Industrial Average Index (12/29/2023 – 05/09/2024)– Courtesy of Bloomberg LP
Berkshire Hathaway, Inc. Class A (05/10/1999 – 05/09/2024)– Courtesy of Bloomberg LP
Berkshire Hathaway, Inc. 13F Holding Analysis – Equity Filing Summary (12/31/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 05/09/2024)– Courtesy of Bloomberg LP
ROBLOX Corp. (01/01/2020 – 05/09/2024)– Courtesy of Bloomberg LP
Profit ReportWall Street Journal’s Success Stories from Happy Retirees.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: What appears to be some of the largest dangers to the U.S. economy?A: Global geopolitical risk of conflict, U.S. Treasury debt, Expiration of tax cuts, New Tax Proposals and Aggressive regulation that could stifle innovation and corporate profits just to name a few.Q: What are some of the current positives for the U.S. economy?A: The Atlanta Federal Reserves’ Real GDPNow growth number for the second quarter has spiked to 3.9% as of April 26, 2024. The Artificial Intelligence (AI) Supercycle potentially delivers efficiencies and productivity that enhance corporate profits along with economic growth. Lastly, Ed Yardeni, of Yardeni Research, forecasts that the S&P 500 Index could reach 5,400 by year end.Headline Round UpInvestors Love Rising Dividends: Energy Transfer Hits 52-Week High!Eureka! Wyoming Hits the Rare-Earth Elements Motherload! Ford’s Electric Vehicle (EV) Division Reported Losses of $1.3 Billion in Q1 which amount to $132,000 Per Car of the 10,000 Vehicles Sold in the First Quarter. Ford projects its EV unit will have EBIT losses of $5 billion for the year. in Q1.Why China Keeps Making More Cars Than It Needs. Uh Oh! Philadelphia Based Republic First Collapses in First Bank Failure of 2024. 26 Year Old Etsy Candle Seller Works 20 Minutes a Day & Generated $462,000 in Revenue Last Year?Wharton’s Professor of Finance, Jeremy Siegel, Still Sees Gains Ahead This Summer. Elon’s Trip to China: Tesla Stock Spikes 16% After Passing Significant Hurdle for Self-Driving Cars in China. Morgan Stanley Flips from Bear to Bull on EBay over EBay’s Use of Generative AI.Microsoft “Really in the Driver’s Seat When It Comes to AI”, Says Dan Morgan Senior Portfolio Manager at Synovus Trust Co. *AbbVie Raises 2024 Forecast on Newer Drugs Replacing Humira Losses.Dow Jones Industrial Average Index (12/29/2023 – 05/02/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 05/02/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
SPDR S&P 500 Exchanged Traded Fund (ETF) (01/01/1993 – 12/31/1999)– Courtesy of Bloomberg LP
Bitcoin Currency Spot Price (05/04/2019 – 05/02/2024)– Courtesy of Bloomberg LP
Peloton Interactive, Inc. (09/27/2019 – 05/02/2024)– Courtesy of Bloomberg LP
Profit ReportBillionaire Morning Routines: Mark Cuban vs. Jeff Bezos.Are Investors Confused Yet? The IRS’s Required Minimum Distribution Rules.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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“Not so my Lord; I am too much in the sun.”– Hamlet Act 1, Scene 2Q: Things did not go well for Hamlet after that, but what lessons can investors learn from Hamlet?A: Investors should take heed regarding overpriced buying frenzies. The Dutch Tulip Bulb market bubble in the 1600s, The Dot-Com Boom in the late 90s, Overvalued Technology Stocks in 2000, & Bank Stocks in 2008 are just a few examples of what overpriced frenzied buying in financial markets can lead to.Q: Interesting quote of the week on inflation from who?A: “If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic,” the self-described “anarcho-capitalist” said. That was this week’s quote from controversial Argentinian President Javier Milei. This week, Argentina announced a quarterly budget surplus of $309 Million, the first government surplus since 2008 while currently in Argentina “annual inflation stands at 290 percent year-on-year, poverty levels have reached 60 percent and wage-earners have lost a fifth of their purchasing power”.Headline Round UpU.S. Gross Domestic Product (GDP) Growth Slows to 1.6%? Tech Smack! Meta, MSFT, IBM, Get Gobsmacked After Earnings Reports. Tesla Rises on Worst Earnings Report in 7 Years? BlackRock Says Global Energy Transition Will Require $4 Trillion Annually by Mid-2030s? Michael Dennis, Head of BlackRock’s Alternatives Strategy & Capital Markets, Asia Pacific, stated that $4 trillion dollar figure will require increases in private and federal capital. Maybe there are better solutions? Cathie Wood’s ARK Funds Unraveling. Too much exposure to technology sector to blame?Zimbabwe’s New Currency, Zimbabwe Gold (ZiG), Wipes Out More Than 330% Crushing Their Stock Market.Real Estate Exodus Subsiding? Blackstone’s Gated Funds Cover All Redemption Requests from February and March This Year for Investors Stuck Since Late 2022. Federal Trade Commission (FTC), Headed by Chairperson Lina M. Kahn, Announces Ban on Non-Compete Agreements for Anyone Other Than Senior Executives. FTC estimates that one in five Americans is subject to a noncompete agreement.Federal Communications Commission (FCC) to Vote on Classifying Broadband Carriers as Common Carriers Under Title II of the 1934 Communications Act. This would allow the FCC to regulate them like AT&T.FTC Blocks Merger Uniting Coach and Michael Kors? Says merger would give combined company “too much power in the market for accessible luxury satchels”.Texas Grid Pushed to Brink by Population Growth, Industrial & Tech Sector Growth and Bitcoin Mining?Energy Transfer, LP Raises Dividend Again! Texas Instruments Spikes on Revenue Turnaround Forecast After Dismal Earnings Report.Visa, Inc. Profit Surges 17% as Customer Spending Increases! Oracle Leaves Austin for Nashville in Bid to Get Closer to Healthcare Industry? JPMorgan Chase & Co.’s Trading Desk Model Flashes Buy Signal? Hertz Hurting? Company Reports $392 Million Loss While it Unwinds Tesla Fleet.G42, a United Arab Emirates Based Technology Company, Gets Microsoft Backing on Artificial Intelligence (AI) Supercomputer Being Built in Dallas!Raytheon Hits 52 Week High on Ukraine Israel Aid. Novo Nordisk’s Wegovy Access Expanded to Millions on Medicare.AI Datacenter Demand Exceeds Supply as Bottlenecks Slow Growth. The Hedge Fund that Made a Fortune on China’s Real Estate Bust.Standard & Poor’s/Bolsas y Mercados Argentinos (BYMA) – Argentina General Index (04/29/2019 – 04/26/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 04/26/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 04/26/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
Tesla, Inc. (04/29/2014 – 04/26/2024)– Courtesy of Bloomberg LP
McGowanGroup’s Federal Register Page Numbers vs. Consumer Price Index Year over Year Changes (04/2024)– Courtesy of McGowanGroup Asset Management : Information provided is pulled from generally reliable sources and compiled for illustrative purposes only. Additional information regarding methodology is available upon request.
Profit ReportThe New Dividend Units Model Portfolio by McGowanGroup Wealth Management (MGWM)!MGWM solutions toolbox!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: How did the financial markets react to Iran’s direct attack on Israel recently? A: Initially, equity prices rose Monday in pre-market trading and oil prices fell slightly. The reaction was contrary to prior money flows during Middle East escalations. The Dow Jones Industrial Average has lately descended to near break- even for the year since its March peak.Q: Does Regulation drive Inflation? A: The graph of 60 years of overall Federal regulations versus inflation appears correlated, but investors should be aware that correlation does not necessarily imply causation. In depth analysis should always be conducted to ensure accurate results.Headline Round UpYa’ll Street: Surprising Bad News for Uptown Office Real Estate?Dallas’s West End to Boom Again? Some of Wall Street’s Scenarios on Israel-Iran Conflict. Pension Funds Pulling Hundreds of Billions from Stocks? Where are the funds going?Crude Oil Prices Drop on Large Inventory Build. European Natural Gas Prices Soar from Intensified Russian Attacks on Ukrainian Energy Infrastructure. Goldman Sachs Profit Up 28% in 1st Quarter from Firm’s Traditional Revenue Sources. Big Bank Earnings Stronger than Expected in Q1. Electric Vehicle (EV) Battery Breakthroughs Coming Within the Next Five Years?Big Tech Companies Downsizing Office Space? Microsoft Artificial Intelligence (AI) Copilot Starting to Automate Coding Industry.U.S. Retail Sales Up .7% in March More Than Double Forecasted .3% from Economists Polled by The Wall Street Journal. The Atlanta Federal Reserves’ Real GDPNow Q1 Estimated at 2.9% This Week. 26 Year Old Etsy Candle Seller Works 20 Minutes a Day & Generated $462,000 in Revenue Last Year. Texas Walmart Store Manager Banks $240,000 Per Year. SEC to Track Personal Information of Every Investor in Real Time Via the Consolidated Audit Trail (CAT) System, Says Former U.S. Attorney General William Barr.Tallest Skyscraper in America Planned for …Oklahoma City? Morgan Stanley Flips from Bear to Bull on EBay over EBay’s Use of Generative AI. Ozempic & Wegovy “Oops” Babies?Skid RowTesla Down 38% So Far This Year.Red Lobster in the Red & Looking to Restructure Debt in Bankruptcy. Home Solar Boom, Busts? Market for rooftop solar beleaguered by high interest rates, tight credit & shrinking solar incentives. *McKinney Based Globe Life, Inc. Implodes on Lawsuits, Investigative Reporting & Federal Investigations.Dow Jones Industrial Average Index (12/29/2023 – 04/19/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (12/29/2023 – 04/19/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 04/19/2024)– Courtesy of Bloomberg LP
McGowanGroup’s Federal Register Page Numbers vs. Consumer Price Index Year over Year Changes (04/2024)– Courtesy of McGowanGroup Asset Management : Information provided is pulled from generally reliable sources and compiled for illustrative purposes only. Additional information regarding methodology is available upon request.
iShares Global Clean Energy Exchange Traded Fund (04/21/2019 – 04/19/2024)– Courtesy of Bloomberg LP
Preston’s Lane2024 Master’s Winner Scottie Scheffler’s Net Worth and Fun Facts.Profit ReportThe New Dividend Units Model Portfolio by McGowanGroup Wealth Management (MGWM)!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: AI Driven Spending Boom and SupercycleRecurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Why did the Dow Jones Index drop 1600 points, approximately 4%, from its all-time peak during April? A: Hot sticky Inflation! The Consumer Price Index (CPI) inflation report for February and March was .4% each month which would annualize near 5%. The likely delay in interest rate cuts resulted in selling of long U.S. Treasury bonds and stocks. Interest rate cut probabilities now in September.Q: Interesting quote of the week?A: Matthew McConaughey: “My star meter has been higher; my star meter has been lower. I’ve won Oscars. I’ve been arrested playing the bongos naked.” Mr. McConaughey’s net worth is recently estimated at $170 million.Headline Round UpLegendary Investor Bill Gross: “I love MLP (Master Limited Partnership) pipelines . . .Better than AI (Artificial Intelligence).” for Income. Which ones? What Investment Play Did Bill Gross Make in Trump Media? Options of course!Fiscal Wage Push Inflation: New Job Gains in March Were in Healthcare, Government & Construction!Atlanta Federal Reserve’s Real GDPNow at 2.4% Economic Growth for Q1 2024.$100 Per Barrell Oil Prediction on Iran Attacking Israel? Jamie Dimon Warns of Potential Interest Rate Spike in the Years Ahead Due to Deficit Spending & Geopolitical Stressors? Texas Based Dell Technology, Inc. Gaining Steam. Up 217% in the past year.Nvidia Drops Over 10% from All-Time Highs This Week While Google Expands In-House Axion Chip Making Endeavors. Meatpacking Industry Investing in Automating Notoriously Difficult Jobs? Robots Slicing Barbecue Ribs?Samsung Awarded $6.6 Billion Microchip Subsidy for Taylor, Texas Expansion. Wells Fargo Securities, LLC Raises S&P 500 Index Target to 5,535 from 4,625. Total increase in target up 20% since Q4 2023, Why? Blackstone’s Bullish $10 Billion Deal for an Apartment Landlord. REIT’s spike? Boeing’s Top Executives Took Personal Trips Worth $500,000 on Company’s Private Jets? Citigroup Index Shows Short Term Profit Projections are Rising! The Podcast Host That Manages $1.6 Trillion and Has Famous Business Leader Guests and Listeners: “In Good Company” helmed by Nicolai Tangen, CEO of Norges Bank Investment Management. Pipeline Capacity Shortage: Natural Gas Spot Prices Fall to Negative Price in Permian Waha Hub. Enterprise Products Partners Issued License for New Sea Port Oil Terminal (SPOT). Final investment decision will determine estimate on construction timing.Ivy League Tuition for 2025 Tops $90,000 Per Year? $360,000 target for 529 accounts?Dow Jones Industrial Average Index (12/29/2023 – 04/12/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (01/31/2000 – 03/31/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 04/12/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)– Courtesy of Bloomberg LP
Profit ReportThe New Dividend Units Model Portfolio by McGowanGroup Wealth Management (MGWM)!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: The Flawed Consensus on Energy InvestingRecurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: How long can the rally in equity prices last?A: The 1990s rally lasted from 1995 through 1999 beginning with the Federal Reserve lowering interest rates and ending in a final speculative buying frenzy. Investors should remember each Bull & Bear market could unfold differently.Q: Why did oil prices recently hit the highest levels since October 2023? A: Oilprice.com cites Iran’s vow to take revenge on Israel over their strike on Iran’s Syrian consulate.Headline Round UpU.S. Manufacturing Activity Expands for First Time Since 2022. 10 Year U.S. Treasury Yield Spikes to 4.36% Corresponding to the Dow Falling to Near 39,000 Early in the Week.Gold Jumps to Near Record $2,300 Per Troy Ounce. What should investors know about prior gold cycles?Enterprise Product Partners Expands Permian Basin Natural Gas Operations. Diamondback Energy, Inc. in Talks with Oklo, Inc. for Small Modular Nuclear Reactor. Tellurian’s Former CEO, Charif Souki, Defaults on $100 Million in Loans & Now Claims Lenders including UBS O’Connor LLC Destroyed the Value of His Ranch/Sold Shares of Tellurian, Inc. at Shockingly Low Prices.Oilprice.com Interviews OPEC Secretary General HE Haitham Al Ghais.Time to Abandon Idea of Phasing Out Oil and Gas? “Big Oil still appears to oppose green global transitions and could well stand in its way.” says Oilprice.com.Odds of June Interest Rate Cut Briefly Dip Below 50%. Weakening Refining Margins & Carbon Taxes Endanger 20% of Global Refining Capacity. Europe & China face highest risk due to declining demand and environmental regulations. Biden May Lift Ban on New Liquefied Natural Gas Export Projects to Win Republican Approval for Extensive Ukraine Aid Package.Bank of America Energy Analysts See Summer Oil Peak at $95 Per Barrel.The Stock Market’s Magnificent Seven Now the Fab Four? U.S. Office Vacancy Rates at Record High, Near 20%.AT&T Data Leak Puts Info from 73 Million Accounts on Dark Web. Hybrid Car Sales Grew 5 Times Faster Than Electric Vehicle (EV) Sales in February. Trump Media Falls Over 21% Monday on Loss of $58 Million for 2023.Mergers and Acquisitions! SLB to Buy Oilfield Services Rival ChampionX Corp. for $7.8 Billion in All Stock Deal.Skid RowFisker Slashes Prices of Ocean SUV 39% in March, but Only on Top Tier Trim “Extreme” in Effort to Stave Off Bankruptcy.Tesla Reports First Year Over Year Sales Drop Since 2020 as Q1 Sales Dip 8.5%.*Brooklyn’s Tallest Skyscraper Defaults on $240 Million Loan.Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 04/04/2024)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (12/29/2023 – 04/04/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 04/04/2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (02/28/2022 – 02/29/2024)– Courtesy of Bloomberg LP
Trump Media & Technology Group Corp. (12/29/2023 – 04/04/2024)– Courtesy of Bloomberg LP
Gold Spot Price Per Troy Ounce (04/17/1974 – 04/04/2024)– Courtesy of Bloomberg LP
Profit Report1. 2024 Best and Worst Performances in the Financial Markets so far!2. The McGowanGroup Wealth Management’s (MGWM) solutions toolbox for astute client questions. McGowanGroup Wealth ManagementQ2 2024 Client UpdateThe 2024 Magic Carpet Ride So FarThe rewards for dedication to great high cash flow assets at bargain prices are coming to fruition in the portfolios. The Q1 equity rally to new highs corresponded to the Federal Reserve updated projections of potentially 3 interest rate cuts during 2024 along with an increase in economic growth projections.The projected Fed Funds target rate for 2027 has been estimated at 2.6%, but these numbers can change. This figure represents the intention to consistently lower rates for the next 3 years. As the competing discount rate decreases, the net present value of future earnings increases corresponding to increased equity values so far in 2024.Artificial Intelligence (AI) Supercycle?Non-farm business sector labor productivity increased 3.2% in the fourth quarter of 2023, according to the U.S. Bureau of Labor Statistics, representing a significant improvement. Recent productivity gains corresponded to profit gains during the 1990s driven by the Personal Computer (PC) revolution and internet adoption. For evidence that AI advances correspond to efficiency gains, productivity and profit reports should be closely watched.Know What You OwnEnergy InfrastructureAt this writing, the S&P Energy Select Sector Index has pulled ahead of the S&P 500 Index. The rally appears to have broadened from a focus on technology companies to other bargains. At the end of 2023, Recurrent Advisors estimated that Energy Infrastructure companies are trading at about 6 times cash flow. Of that estimated 16%, 8% roughly represents current dividends and direct share buybacks of about 8%. The resulting increase in assets under control per share would equate to about 40% over a 5-year period in addition to the cash dividends.Global High YieldOur four primary high yield managers continue with gains after delivering an impressive 2023. The current yield, equally weighted is above 9%. While that is an impressive cash dividend, the estimated discount to par value under control per share, is over 10%. The resulting appreciation potential during declining interest rates could be quite impressive assuming bonds drift back towards par values.Blue Chip AdditionsThe McGowanGroup Asset Management Investment Committee successfully added Nuclear assets, Utility assets, Pharmaceuticals, and AI related technology assets during 2023 dips. Our Next Steps? Financial market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested.Team Update HighlightsFinancial Planning Models: Harrison Smith has evolved our planning process to include financial projection models to test portfolios with cash flows under multiple scenarios. The benefits include advanced decision making and allocation planning. Tax Season Mastery: Vanessa Avila has already provided your CPA with the tax forms needed to file returns through our secure portal. If you have changed CPAs or have not yet provided us with their contact information, please let us know.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Cohen and Steers: From Energy Transition to Energy AdditionRecurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
McGowanGroup Wealth ManagementQ2 2024 Client UpdateThe 2024 Magic Carpet Ride So FarThe rewards for dedication to great high cash flow assets at bargain prices are coming to fruition in the portfolios. The Q1 equity rally to new highs corresponded to the Federal Reserve updated projections of potentially 3 interest rate cuts during 2024 along with an increase in economic growth projections.The projected Fed Funds target rate for 2027 has been estimated at 2.6%, but these numbers can change. This figure represents the intention to consistently lower rates for the next 3 years. As the competing discount rate decreases, the net present value of future earnings increases corresponding to increased equity values so far in 2024.Artificial Intelligence (AI) Supercycle?Non-farm business sector labor productivity increased 3.2% in the fourth quarter of 2023, according to the U.S. Bureau of Labor Statistics, representing a significant improvement. Recent productivity gains corresponded to profit gains during the 1990s driven by the Personal Computer (PC) revolution and internet adoption. For evidence that AI advances correspond to efficiency gains, productivity and profit reports should be closely watched.Know What You OwnEnergy InfrastructureAt this writing, the S&P Energy Select Sector Index has pulled ahead of the S&P 500 Index. The rally appears to have broadened from a focus on technology companies to other bargains. At the end of 2023, Recurrent Advisors estimated that Energy Infrastructure companies are trading at about 6 times cash flow. Of that estimated 16%, 8% roughly represents current dividends and direct share buybacks of about 8%. The resulting increase in assets under control per share would equate to about 40% over a 5-year period in addition to the cash dividends.Global High YieldOur four primary high yield managers continue with gains after delivering an impressive 2023. The current yield, equally weighted is above 9%. While that is an impressive cash dividend, the estimated discount to par value under control per share, is over 10%. The resulting appreciation potential during declining interest rates could be quite impressive assuming bonds drift back towards par values.Blue Chip AdditionsThe McGowanGroup Asset Management Investment Committee successfully added Nuclear assets, Utility assets, Pharmaceuticals, and AI related technology assets during 2023 dips. Our Next Steps? Financial market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested.Team Update HighlightsFinancial Planning Models: Harrison Smith has evolved our planning process to include financial projection models to test portfolios with cash flows under multiple scenarios. The benefits include advanced decision making and allocation planning. Tax Season Mastery: Vanessa Avila has already provided your CPA with the tax forms needed to file returns through our secure portal. If you have changed CPAs or have not yet provided us with their contact information, please let us know.Headline Round UpNewly Listed DJT Trumps the Stock Market This Week! Cheeseburgers, French Fries, and Doughnuts? Krispy Kreme surges on announced McDonald’s partnership!Artificial Intelligence (AI) Superstars Get Million Dollar Compensation Packages as Competition Grows Fierce! Merck Spikes to All Time High on Latest Treatment Approval. North Texas Home Price Appreciation Lags National Index Year over Year at 2.89% for Dallas vs. 6.59% for 20 City Average.Wuhan China Computer Lab Allegedly a Front for Cyberattacks?2023 a Record Year for CEO Pay. How much? U.S. Justice Department Sues Apple for Exploiting Illegal Monopoly!FTC Lawsuit Against Albertson/Kroger Merger Claims Walmart is Not a Traditional Grocery Store?New Leadership at Boeing, But Has Stock Reached an Inflection Point?Skid RowElectric Vehicle (EV) Slowdown While EV Startups Struggle and a Fisker Fire Sale?! Lucid Gets $1B from Saudi Arabia’s Public Investment Fund. Will Lucid last 6 months? Chinese EV Automaker BYD Set to Unleash Several Models Starting at $20,000 Worldwide Undercutting Industry.Grapevine, Texas Based Gamestop Plummets on Q4 Sales Drop.Dow Jones Industrial Average Index (12/29/2023 – 03/28/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (03/29/2021 – 03/28/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 03/28/2024)– Courtesy of Bloomberg LP
Gold Spot Price Per Ounce (03/29/2009 – 03/28/2024)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (01/01/1993 – 12/31/1999)– Courtesy of Bloomberg LP
NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston. Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.Profit Report1.Q1 2024 Best and Worst Performances in the Financial Markets!2. The McGowanGroup Wealth Management’s (MGWM) solutions toolbox for astute client questions.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Nuveen: The Case for Higher-Yielding AssetsBlackRock: 3 Market Predictions for 2024 and Lessons from 2023*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What news could’ve corresponded to new highs in the equity markets on Wednesday and Thursday this week?A: Projections and discussions from the Federal Reserve potentially confirms three interest rate cuts this year. If the interest rate cuts were completed every other meeting of the remaining 6 meetings this year the cuts could fall on June 12th, September 18th, and December 18th.Q: Why do high cash flow investments tend to rise when interest rates are cut? A: Net Present Value of Future Cash Flows = The summation of future estimated cash flows adjusted for the discount rate forward.Q: For the swimmers out there, how do you calculate the diagonal distance of your pool?A: Pythagorean Theorem! (or get a camera distance app on your phone!)Headline Round UpServers and PCs Join Artificial Intelligence (AI) Mania.Super Micro Computer Inc. Up Nearly 1,000% Over the Past 12 Months Trouncing Nvidia? 70% of Passive Environmental, Social & Governance (ESG) Funds Exposed to Companies Developing New Oil and Gas Projects? Environmental organization Reclaim Finance outs asset managers for greenwashing ESG-labeled passive funds.Bill Gates Backed TerraPower Goes Nuclear! Apple and Google in Talks to Allow Gemini AI to Power iPhones?The Trouble with the Banks Per Consulting Firm Klaros Group! DFW Led Country in Population Growth in 2023 Says the U.S. Census Bureau. Citizens Budget Commission Poll: Only Half of New Yorkers Plan to Stay Over 5 Years Down from 58% in 2017! Bloomberg: New Yorkers Earning 250K Save $88K Moving to Miami, $108K Moving to Dallas, $116K Moving to Austin. Savings down 20% – 30% from highs in 2019. Austin Running in Reverse After Being Named America’s Hottest Housing Market. Realtor Purge Likely After The National Association of Realtor’s Commission Fixing Settlement. Micron Technology, Inc. Spikes Over 10% After Reporting 58% Revenue Gain Up from the Same Quarter a Year Ago.Of Course, They Did! Justice Department Sues Apple Alleging Tech Giant Exploits Illegal Monopoly. Boom: U.S. Home Sales Jumped 9.5% in February While Median Existing Home Prices Up 5.7% Over 12 Months. U.S. residential housing starts spike 10.7% in February as well.Mergers and Acquisitions! Cisco Systems Buys Cybersecurity and Analytics Company Splunk in $28 Billion All Cash AI Acquisition Deal.Skid RowWill Tellurian Inc. Run Out of Cash Amid Leadership Changes?Dow Jones Industrial Average Index (12/29/2023 – 03/22/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (03/23/2021 – 03/22/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 03/22/2024)– Courtesy of Bloomberg LP
Gold Spot $/Oz (03/21/2009 – 03/22/2024)– Courtesy of Bloomberg LP
SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (01/29/1993 – 12/31/1999)– Courtesy of Bloomberg LP
NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.Profit Report1. Qualified Charitable Distributions (QCDs) to meet Required Minimum Distributions (RMDs) for Individual Retirement Accounts Without Tax?2. The McGowanGroup Wealth Management’s (MGWM) solutions toolbox for astute client questions.3. 2024 Effective Tax Rates vs. Tax Brackets.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Nuveen: The Case for Higher-Yielding AssetsBlackRock: 3 Market Predictions for 2024 and Lessons from 2023*Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy SpecialistOliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.
Q: What is notable about the recent equity market rally?A: Per a recent article in the Wall Street Journal (WSJ), “A broader group of companies has fueled the recent climb to records”.Q: 2024 Cryptomania: What is FOMO and how does it relate to record highs in Bitcoin as well as other cryptocurrencies?A: Fear of missing out compels investors to complete new purchases on the next “big thing” and that builds momentum.Q: What are some things investors should know about the recent rally in Gold?A: Central banks all over the world have been hoarding approximately 30% of global mining production over the past two years led by Turkey and China. Price Risk is something investors should be aware of as in previous cycles high prices have led to large supplies of secondary market sales. Lastly, Recent social media posts have been targeting women to round up old & unused jewelry for fast cash.Headline Round UpOil Tops $80 After Inventories Drop! Huge Divergence Between International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC) Demand Forecasts. TikTok Tow! Former Treasury Secretary Steven Mnuchin Putting Together a Group to Buy TikTok After House Passes Bill to Force Sale.Reality Check? Electric Vehicle (EV) Euphoria Dead? “While none of the automakers has officially announced changes to its long-term goals, there’s a notable shift in tone & messaging around their goals”.WSJ: EV Startup Fisker Preparing for Possible Bankruptcy Filing. Porsche Warns Investors Margins Squeezed as It Launches New EV and Hybrid Models.Oops!? Miami’s Tallest Planned Tower Can’t Fill Its Space. Dollar Tree Now Up To a $7 Tree! The Uptown Hunt for the Elusive $20 Lunch. Boeing Delivery Delays Force Southwest, United, and Alaska Air to Cut Schedules? Uh Oh! Wells Fargo Analyst, Colin Langan, Calls Tesla a “Growth Company with No Growth. Albemarle Opening Auction Market to Sell Some of Its Metal. Nuclear Small Modular Reactors (SMR) Projects Expand 65% Since 2021.Oracle Spikes After Reporting Robust Cloud Computing Business.3M New CEO, William Brown, Celebrated in Price Rally? Blackstone Inc.’s President Jon Gray Says It’s Time to Buy Real Estate.Mergers and Acquisitions! Kimmeridge Energy Management Co. Proposes Texas Shale Gas Merger with SilverBow Resources, Inc.EQT Corp. Strikes $5.5 Billion Dollar Deal to Buy Back Equitrans Midstream.Skid RowBeware of Flashy Bling: Rodeo Drive Scamster Sells Fancy Watches on Consignment and Keeps All Cash.SPDR Standard & Poor’s 500 Index Exchange Traded Fund Trust (01/01/1993 – 12/31/1999)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 03/15/2024)– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 03/15/2024)– Courtesy of Bloomberg LP
Profit ReportThe McGowanGroup Wealth Management’s solutions toolbox for astute client questions.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Nuveen: The Case for Higher-Yielding AssetsBlackRock: 3 Market Predictions for 2024 and Lessons from 2023Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: How long can the current rally in U.S. equity markets last?A: Historically, equity market rallies tend to last longer than expected. For example, Alan Greenspan declared that the markets were experiencing “irrational exuberance” in 1996 and the rally continued to the year 2000.Q: What could this week’s trading in retail stocks indicate this week? A: Anemic 2024 revenue growth and possible contraction in the retail sector.Q: What are some of the likely changes in The McGowanGroup Wealth Management’s (MGWM) managed accounts over the next year?A: The McGowanGroup is starting to gradually raise Tactical Safety in managed accounts to protect gains after being fully invested during 2022 & 2023.Headline Round UpJamie Dimon, CEO of JPMorgan Chase, Praises Texas! Says Texas is a model for “How You Build a Healthy, Vibrant Society”! Crowdstrike Holdings, Inc. and Palantir Technologies, Inc. Spike This Week! Flabalanche Trial Success! Novo Nordisk Spikes 9% Recently! New York Community Bancorp Gets $1 Billion Lifeline. Stock hits $2 on woes then $4 on capital infusion news.Problem Bank List Grows to 52 Lenders Up By 8 Lenders from 2023. What Could Go Wrong? Startup JKBX (Pronounced Jukebox) Offering Securities Backed By Singer Royalties. Japan’s Nikkei Finally Hits a New High After 34 Years. Jobs! What do this week’s employment reports tell us about the 2024 economy? Biden Administration “Strike Force” Blames Businesses for “Unfair and Illegal Prices?”Solar Can Potentially Net $1,200 Per Acre in a Solar Lease for Farmers vs. $100 or More Loss Per Acre for Corn in Illinois. The Renewable Revolution’s $3 Trillion Problem by Rystad Energy. Nuclear Regulatory Commission Backing Pathway for Advanced Reactors. U.S. Uranium Mines to Restart as Uranium Prices Skyrocket. More Productive Oil Wells Spur U.S. Crude Production Higher.Cryptomania! BlackRock’s Bitcoin Exchange Traded Fund (ETF) Record Cash Influx.Oops! Coinbase Users See Zero Balances Again & Twice in Less Than a Week! National Debt Rising $1 Trillion Every 100 Days???Productivity: JPMorgan Artificial Intelligence (AI) Cashflow Model Can Cut Manual Work by 90%. Jamie Dimon says work week could shrink to just 3.5 days? *New York Attorney General ,Letitia James, Sues Largest Producer of Meat Products for Misleading the Public About Its Environmental Impact.Mergers and Acquisitions! BlackRock Inc. & Morgan Stanley Investment Funds Buying TC Energy Corp.’s Portland Natural Gas Transmission System in a 1.14 Billion Deal. SPDR Standard & Poor’s 500 Index Exchange Traded Fund Trust (01/01/1993 – 12/31/1999)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/29/2023 – 03/08/2024)– Courtesy of Bloomberg LP
U.S. Employees on Non-Farm Payrolls – Total Month over Month Net Change, Seasonally Adjusted (02/28/2022 – 02/29/2024)– Courtesy of Bloomberg LP
Energy Transfer, LP (01/01/2005 – 03/08/2024)– Courtesy of Bloomberg LP
Profit Report Nuveen: The Case for Higher-Yielding AssetsResearch Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Nuveen: The Case for Higher-Yielding AssetsBlackRock: 3 Market Predictions for 2024 and Lessons from 2023Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Q: Where are some of the most impressive gains for 2024 in the equity markets, so far, and what unique ability was required to find them? A: One example, the S&P 500 Index is up over 6% in just 2 months. The unique ability to hunt for bargains during market declines during 2022 and 2023 was a key to enjoying gains, thus far, in 2024.Q: What is a unique ability and how could it apply to a person’s future?A: Every person has a talent that can lead to a potential quantum leap on their personal journey. Later in life this applies to health, wealth building, and avocation phases.Q: What unique abilities do the McGowanGroup team members have that can contribute to investor’s prosperity?A: Meet the Team That Cares!Headline Round UpInflation: The Personal Consumption Expenditures (PCE) Index measure declines to 2.4% trailing 12 months, core 2.8%.Microsoft’s Latest Artificial Intelligence (AI) Partnership is with Paris based Mistral.Shell Puts U.S. Solar Assets Under Construction Up for Sale as It Reconsiders Transition Plans?India Approves $9 Billion for Rooftop Solar.Liquified Natural Gas (LNG) Demand Will Surge 50% in Next Decade Says Meg O’Neill, Woodside Energy Group CEO. Says. American Petroleum Institute Preparing Lawsuit Challenging Biden Administration’s LNG Permit Freeze. First Solar Spikes on Earnings Reports & Backlog Sales. On Track to Triple Profits?Solar and Battery Storage Make Up 81% of New U.S. Electricity Generating Capacity. ”The Six Months that Short Circuited the Electric Vehicle (EV) Revolution” Says Wall Street Journal. Rivian Production Flattens As Stock Gets Flattened Too. Dallas Home Prices Up 2.15% Year over Year in 2023 and Nationally Up 6.13%. BP Exec Fired for Husband’s Insider Trading & Yes She Dumped Him!California’s Wealth Tax to Impose Annual Excise Tax of 1.5% on Residents/Part-Time Residents Whose Networth Exceeds a Billion Along With More Changes in 2026?Citi Wildly Bullish on Microchip Makers Including Nvidia. Cryptomania Returns! The Number of 401(K) Millionaires on Track for Record! Lithium Stocks at Rock Bottom? Is Zoom’s Business Ready to Boom? *Beyond Meat’s Revolting Decline Interrupted by Short Squeeze!U.S. Personal Consumption Expenditures Chain Type Prince Index, Month over Month Seasonally Adjusted & Year over Year Seasonally Adjusted (01/31/2021 – 01/31/2024)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (12/31/2021 – 03/01/2024)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/31/2021 – 03/01/2024)– Courtesy of Bloomberg LP
AbbVie, Inc. (12/29/2023 – 03/01/2024)– Courtesy of Bloomberg LP
BWX Technologies, Inc. (12/29/2023 – 03/01/2024)– Courtesy of Bloomberg LP
Diamondback Energy, Inc. (12/29/2023 – 02/16/2024)– Courtesy of Bloomberg LP
Microsoft Corp. (12/29/2023 – 03/01/2024)– Courtesy of Bloomberg LP
Super Micro Computer, Inc. (12/29/2023 – 03/01/2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2023 – 02/15/2024)– Courtesy of Bloomberg LP
Profit Report Who is Autry Stephens?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Blackrock: 3 Market Predictions for 2024 and Lessons from 2023*Recurrent Midstream White Paper: Record Cash Flow Surpluses
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Dallas Business Journal: “Dallas-Fort Worth comes to terms with its status as nation’s No. 2 financial hub. Dallas-Fort Worth has added 59.2K financial jobs since the end of 2019.On track to surpass 400,000 financial services jobs in 2025 or sooner.Dallas Mayor Eric Johnson: “Right now the smart money is on Dallas, Texas-a land of genuine opportunity where attracting big business is frankly becoming business as usual.” “…as the economy in North Texas continues to expand and the region solidifies its reputation as the nation’s No. 2 financial hub-and, perhaps one day, vying for the top spot.”The Uptown Miracle!The XIT Ranch: How Texas Built the 7th Largest Building in the World in 1888 with No Money Down!Profit ReportSuck It Up Cry Baby!*Real life client stories of retirements damaged by overspending & underworking adult children: 1. The 40 year old dependent idiot who tries to take control of the surviving wife’s retirement account. 2. The momma’s boy that squandered over 20% of his parents’ assets. 3. Techniques for protecting your investment and retirement assets from predatory adult children.
Frugality Training: Dave RamseyRequire a meeting with the spendthrift/eternal entrepreneur with your financial advisor before helping your adult children.Just Say No!Be Stingy. Loan It, but Don’t Give It! Devise a payback plan.Business Venture Funding: Require a business plan that meets the standards of obtaining a similar loan from a bank or credit union.Only cover a small portion, in increments of progress, only if you can afford it.If they are living in your house, take away the video games!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.BlackRock: 3 Market Predictions for 2024 and Lessons from 2023Recurrent Midstream White Paper: Record Cash Flow Surpluses
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Q: What companies made all time new highs this past week?A: Those companies include Dell Computer, Eli Lilly, and Walmart!Q: How high have the estimates in the price of crude oil gotten in recent years?A: The range of price predictions have included $90 a barrel recently to up to $380 a barrel after the invasion of Ukraine.Q: Who are some of the strongest healthcare performers in the equity markets this year?A: They include Dallas based Tenet Healthcare up approx. 51% Year to Date, Eli Lilly up approx. 57% Year to Date, & Novo Nordisk up approx. 45% Year to Date.Q: What type of Fixed Income allocation could perform the best over the next 3 years?A: Currently, deeply discounted Global High Yield bond funds provide yields above or near 10% and are priced near 75% of estimated par value.Headline Round UpChina Exports Fall for Fourth Month in a Row. MSCI China Index with No Growth for 12 Years? United Auto Workers (UAW) Demands 46% Pay Raise Before September 14th Contract Expiration.U.S. Record Solar Additions in 2023! U.S. Dollar Rallies for 8 Weeks in a Row? What about BRICS? U.S. Economy Defies Expectations & Keeps Recession at Bay so Far in 2023.Federal Reserve Governor Christopher Waller Supports Skipping September 21st Rate Hike. Federal Reserve Officials Set to Double Growth Forecasts for Q3. Federal Government Spending $53,000 Per Connection to Provide Internet Service for Nebraska Reservation in Push for Rural Areas. Congress allows State and Federal Officials to decide how much is too much in hard to reach areas.British Microchip Designer ARM Ltd. Eyeing at least $52 Billion in Valuation for Initial Public Offering (IPO) Later This Year.Rob Arnott, Founder of Research Affiliates, LLC, Declares Nvidia Stock a “Delusion”.Brent Crude Hits $90: Saudis and Russians Extend Oil Supply Cut to Year End & Squeeze Diesel Corner of the Energy Market. U.S. Seizes 1 Million Barrels of Smuggled Iranian Crude Bound for China. Drivers Warned Gasoline Could Spike $1 Says Head of Petroleum Analysis, Patric DeHaan, at GasBuddy!Mergers and Acquisitions:Permian Resources Paying $4.5 Billion in Stock for Earthstone Energy Creating $14 Billion Premier Producer. Lithium Giant Albemarle Taking Over Liontown Resources for $4.3 Billion in Cash.Skid Row:Municipal Bonds for Sports Arena, Legacy Park, Trading at 10 Cents on the Dollar? Highlights risky corner of municipal bond market via Conduit Issuers.WeWork Renegotiating Leases and Plans on Exiting “Unfit & Underperforming Locations”.Dow Jones Industrial Average Index Year to Date (12/30/2022 – 09/8/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for Q3 2023 (09/06/2023)– Courtesy of The Atlanta Federal Reserve
Dell Technologies, Inc. (12/30/2022 – 09/08/2023)– Courtesy of Bloomberg LP
Walmart, Inc. (12/30/2022 – 09/08/2023)– Courtesy of Bloomberg LP
Eli Lilly & Co. (12/30/2022 – 09/08/2023)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (09/10/2018 – 09/08/2023)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (09/30/1993 – 09/08/2023)– Courtesy of Bloomberg LP
MSCI China Index (12/31/1992 – 09/07/2023)– Courtesy of Bloomberg LP
NetWorth Radio’s Exceptional Investor Interview Series: Spencer McGowan Interviews Brad Olsen from Recurrent Advisors in Houston!
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein Explanations of AI Uses.Recurrent Midstream White Paper: Record Cash Flow Surpluses.*AllianceBernstein: AI and Energy.
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Q: What was some of the good news for investors this week? A: Wage push inflation is expected to decline with the Job Openings & Labor Turnover Survey (JOLTS) declining to 8.8 million down from a peak of 11.8 million and the lowest since March 2021. Positive money flows could indicate that the Federal Reserve will not raise interest rates in September and potentially lower rates sooner.Q: What happens to the Net Present Value of Future Cash Flows when cash interest rates drop? A: The calculation of Net Present Value of Future Cash Flows is divided by a lower time value of money which results in a higher valuation.Q: At what point during the year is it possibly best for investors to harvest tax losses from taxable accounts?A: Generally, Mid-year or after a major rally are ideal times to upgrade losing positions for stronger positions based upon Year to Date performances. The potential advantage for investors comes in Q4 when tax loss selling usually reaches its apex & allows for the addition of bargains instead of selling at a low point for tax planning.Q: Is Tax Harvesting automatically done in The McGowanGroup’s managed accounts for investors?A: The McGowanGroup prides itself on working with investor’s specific tax situations to maximize advantageous outcomes. In other words, YES!Headline Round UpEnphase Energy Begins Shipping Breakthrough Solar Microinverters from Arlington, Texas! Irony: Oil and Gas Companies Lead Carbon Capture Prowess With Generous Government Support! Visa and Mastercard Hit All Time Highs After Increasing Merchant Fees. Shark Tank’s Mr. Wonderful, Kevin O’Leary, Weighs in on Soaring Interests Rates Causing Real Chaos for the U.S. Economy. Home Prices Rise in June, But North Texas Homes Still Down 4.1% Over 12 Months. Will the counties lower appraisals? Court Rules in Favor of Grayscale on Bitcoin Exchange Traded Fund (ETF)? Will the SEC actually clear one? The Real Story Behind Scion Asset Management’s Dr. Michael J. Burry & his 1.6 Billion Dollar Short Position. Nordstrom Closes Premier San Francisco Location After 57% Increase in Property Crime, Including Shoplifting, Since 2019. Nordstrom’s Employee States, “It is definitely partially due to the crime in the area. COVID had a big impact.”Wall Street Journal: How to Play and Select Possible Real Estate Bargains.93 Year Old Warren Buffett at the Top of His Game! The End of Rate Hikes? Federal Reserve Chairman, Jerome Powell, to “Proceed Carefully” Signaling Lack of Urgency to Interest Rate Increase in September? Nvidia’s Artificial Intelligence (AI) Chip Partner SK Hynix Stock Soars.Google Announces AI Enhancements for Corporate Gmail Users.Mergers and Acquisitions:U.S. Steel Up 25% in One Month Since Bidding War Began.Skid Row:*Plug Power Down 99.9% During 23 Years of Losing Money.Standard & Poor’s CoreLogic Case-Shiller Dallas Home Price, Non Seasonally Adjusted, Index (08/31/2019 – 06/30/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index Year to Date (12/30/2022 – 08/31/2023)– Courtesy of Bloomberg LP
Visa, Inc. & Mastercard, Inc. (09/04/2018 – 08/31/2023)– Courtesy of Bloomberg LP
U.S. Job Openings By Industry Total, Seasonally Adjusted (07/31/2019 – 07/31/2023)– Courtesy of Bloomberg LP
C.B.O.E. 10 Year Treasury Note Yield Index (12/30/2022 – 08/31/2023)– Courtesy of Bloomberg LP
Plug Power, Inc. (12/31/1999 – 08/31/2023)– Courtesy of Bloomberg LP
Profit ReportHow realistic is the Federal Reserve’s target of 2% inflation? Why should investors hire McGowanGroup Wealth Management (MGWM) to build Energy and Global High Yield portfolios?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein Explanations of AI Uses.Recurrent Midstream White Paper: Record Cash Flow Surpluses.*AllianceBernstein: AI and Energy.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Ryan “Birdman” Parrott about the Red Coat Challenge! Former Navy SEAL and Founder of two nonprofit organizations benefitting Veterans and First Responders, is originally from Detroit, Michigan. Birdman enlisted in the Navy after watching the Twin Towers collapse on 9/11 and served eight years as a U.S. Navy SEAL attached to ... Read More
Q: Why was the Federal Reserve meeting in Jackson Hole this week? A: It was held in a few different locations in the late 1970s, but Jackson Hole has been the location since 1981. The conference was placed there partly because Paul Volcker, the then-Federal Reserve Chairman, wanted to attend the great fly fishing in the area, which is held ... Read More
Q: What did Janet Yellen do during her visit to China? A: She said she at psychedelic mushroom soup at restaurant, by accident. Q: What is the likely explanation of the 55 basis point spike in long US Treasury yields in less than a month? A: Atlanta Fed estimated current economic growth this week at a whopping 5.8%. Q: Is ... Read More
A Melt Up? Q: Who were the Top 10 Blue Chip performers over the last 90 Days? A: Tune in to today’s broadcast and follow along as Alex Tollen, Chief Operating Officer, guides investors through the research below. Q: Who were the worst Blue Chip performers over the last 90 Days? A: Tune in to today’s broadcast and follow along ... Read More
NetWorth Radio’s Exceptional Investor Interview Series: Spencer McGowan Interviews David Chance from SWBC. David Chance Sr. Mortgage Banker/Branch Manager NMLS # 246308 SWBC Mortgage Corp. 4514 Cole Avenue, Ste: 1200 Dallas, TX 75205 M: 214-632-2304 D: 972-638-7742 david.chance@swbc.com Proven veteran with more than 22 years of experience in mortgage lending and finance. Voted Best Mortgage Professional in Dallas by D ... Read More
NetWorth Radio’s Exceptional Investor Interview Series: Spencer McGowan Interviews Brad Olsen from Recurrent Advisors in Houston! Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation). From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt ... Read More
Q: What were some of the impacts on the global financial markets from the Fitch downgrade of U.S. Treasury bonds from AAA to AA+? A: Large institutional selling of long U.S. Treasury bonds began immediately pushing yields up by nearly 25 basis points and the Dow Jones Industrial Average (Dow) fell over 300 points the day of the downgrade was ... Read More
Q: What was the equity market reaction to this week’s Federal Funds Rate increase? A: The Dow Jones Industrial Average spiked 170 points as Federal Reserve Chairman, Jerome Powell, indicated the tightening cycle is likely over. “It’s possible that we would choose to hold steady . . .” Q: What is a “Soft Landing?” A: Investopedia.com: “A soft landing, in ... Read More
Q: What are some of the factors that contributed to the Dow Jones Industrial Average topping 35,000 this week for the first time since April of 2022? A: Microsoft hit an all-time high at the release of their Alternative Intelligence (AI) subscription plan, Johnson and Johnson rallied after reporting their latest earnings & money flows appeared stronger for Value stocks ... Read More
McGowanGroup Wealth Management Q3 2023 Client Update Disinflation and Possible Financial Outcomes Through 2026? At this writing, Inflation has plummeted from 9.1% annually to 3% according to the Consumer Prince Index (CPI) annual measure. According to the Federal Reserve most recent projections, by 2026 the Federal Funds Rate is likely to be near 2%. So far, Gross Domestic Product (GDP) ... Read More
Q: Who are some of the big winners of 2023 so far in the equity markets? A: North Texas home builders surprise with gains of 109% for Builders FirstSource, Inc., DR Horton, Inc. up 34%, and HVAC Kings Lennox International, Inc. up 34%. Tech stars Microsoft are up 39%. NVIDIA Corp. up 178% & Austin based Dell Technologies, Inc. up ... Read More
NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston! Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation). From 2011 to 2015, Brad led Midstream Research for ... Read More
Q: What are some of the top surprises of 2023 in the equity markets so far? A: Disinflation, No Recession in Q1 or Q2 of 2023, Recent U.S. economic growth near 2%, An Artificial Intelligence (AI) driven tech rally, Crude oil prices stable near $70 per barrel, A banking crisis limited to four California venture capital focused banks, and Record ... Read More
Q: When is good news for investors, bad news for the financial markets & when is bad news for investors, good news for the same markets? A: The Sword of Damocles, The Federal Reserve’s interest rate tightening, hangs over the equity markets. Positive economic news brings fear the tightening sword will fall. Negative economic news celebrates the sword will not ... Read More
Q: What is summer planning season? A: McGowanGroup clients are encouraged to schedule a 2023 planning call to update financial plans, schedule a preliminary 2023 tax planning call with their CPA’s, and update estate planning logistics. Q: What events happen in July that could set off a large equity rally? A: The trailing 12 month inflation rate, as of June ... Read More
Q: Is the U.S. economy in a Recession? A: Current economic growth estimate is at 2.2% according to Atlanta Federal Reserve Bank. Q: What is happening to corporate earnings now and what is currently projected? A: S&P 500 current quarter operating earnings are at $52.80 according to S&P. Estimates for the rest of 2023 vary from $46.50 to $57.50 per ... Read More
Q: How did the Treasury Market react this week during debt ceiling negotiations and what can it tell investors? A: One interpretation is that the risk of default is subsiding as interest rates have recently dropped. Q: What areas of the economy have seen the greatest demand increase for oil in 2023? A: Global air travel is up 52% from ... Read More
Q: What is the real story on the Federal budget squabble and the debt ceiling default debate? A: Treasury Secretary Janet Yellen did not wind down discretionary spending back in January and has imposed a June default date. The House already passed the Default Prevention Act and a debt ceiling increase bill. The brinkmanship continues.Q: Is Artificial Intelligence (AI) an oxymoron?A: Would you like an artificial cheeseburger?Q: What areas of the equity markets does the McGowanGroup Wealth Management (MGWM) Investment Committee believe to be the most compelling set of bargains for 2024 and beyond?A: Discounted Global High Yield bonds, Energy Infrastructure, Solar Energy, Applied Technologies, and Medical companies paying dividends.J.P.Morgan Guide to the Markets 2nd Quarter 2023, pg. 22 (04/30/2023)– Courtesy of J.P.Morgan Asset Management
Dow Jones Industrial Average (12/30/2022 – 05/26/2023)– Courtesy of Bloomberg LP
U.S. Personal Consumption Expenditure Core Price Index Year over Year (05/26/2021 – 04/30/2023) – Courtesy of Bloomberg LP
Federal Funds Target Rate – Upper Bound and S&P 500 Index (05/27/2003 – 05/26/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q2 (05/17/2023)– Courtesy of The Atlanta Federal Reserve
Standard & Poor’s 500 Quarterly Earnings Per Share (03/31/2018 – 12/31/2024)– Courtesy of Standard & Poor’s and McGowanGroup Asset Management
U.S. Personal Consumption Expenditure Core Price Index Month over Month (05/31/2021 – 04/30/2023)– Courtesy of Bloomberg LP
Headline Round UpNvidia Spikes 30% in a Day on AI Technology Frenzy!Microsoft, Corp. Now up 35% for 2023. The Disturbing Nasdaq 100 Index Rally Pattern Similar to 2000?Ultra-Marathon Runner Candice Burt Runs 6400 Miles in 200 Days! Owns Destination Trail Capturing Ultra Events and Gear Sales. Venture-Fund Returns Worst in a Decade. Many “Presumably Going to be Written Down to Zero, or Near Zero”. U.S. New Home Sales Unexpectedly Rise to One Year High Since March 2022. Baird Analyst, Ben Kallo, Upgraded Says Lithium Stock Albemarle, Corp. to Outperform!Target Reports Rampant Shoplifting & Organized Crime Has Cost $1.2 Billion in Profits. $700 million profit decline in 2022 and $500 Million so far this year.Chevron Corp. Buying PDC Energy, Inc. for $72 per Share or $6.3 Billion. Chevron CEO, Mike Wirth, Open to More Deals. Enphase Energy Launches Its Most Powerful Home Battery. Money Losing Canopy Growth Spikes on News That They are Entering U.S. Cannabis Market! WHAT? Q1 Gross Domestic Product Revised Higher to 1.3%. Q2 Now Forecast at 2.9%. Germany in Recession with Second Straight Quarter of Contraction.U.S. Business Activity Hits 13 Month High. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, Warns Short Sellers of Oil Futures to “Watch Out!” with Near Record Oil Short Positions on the Books.Profit ReportDiscussion notes on career best and worst investment decisions made by the MGWM Investment Committee members. Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Debt Ceiling Debate!Nuveen: Tightening Cycle Over.Calamos: Why Bullish on Energy?
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Q: What are the latest updates on the U.S. debt ceiling and default debates? A: In a shocking moment of common sense, President Joe Biden and House Speaker Kevin McCarthy say the U.S. won’t default. Improv theater debates continue.Q: What is likely to happen in the financial markets between now and the end of July?A: The Inflation numbers for May and June of 2022, the largest and 4th largest months of inflation in the current cycle, drop off the trailing 12 month measure. By mid-July, the inflation rate could fall significantly below 4.9% and below the current Federal funds rate of 5.25%.Q: What were some of the financial market high points discussed this week at the McGowanGroup Wealth Management (MGWM) Investment Committee? A: Stay tuned for this week’s NetWorth Radio Show!J.P.Morgan Guide to the Markets 2nd Quarter 2023, pg. 22 (04/30/2023)– Courtesy of J.P.Morgan Asset Management
Dow Jones Industrial Average (12/30/2022 – 05/19/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q2 (05/17/2023)– Courtesy of The Atlanta Federal Reserve
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (05/19/2021 – 04/30/2023)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non Seasonally Adjusted (05/19/2021 – 04/30/2023)– Courtesy of Bloomberg LP
U.S. New York Federal Reserve Index – Transition Serious Delinquency 90+ For Auto Loans by All Ages (03/31/2008 – 03/31/2023)– Courtesy of Bloomberg LP
U.S. New York Federal Reserve Index – Transition Serious Delinquency 90+ For Credit Cards by All Ages (03/31/2008 – 03/31/2023)– Courtesy of Bloomberg LP
Federal Funds Target Rate Index (05/19/2003 – 05/19/2023)– Courtesy of Bloomberg LP
Headline Round UpHouse Speaker Kevin McCarthy Says Vote on Debt Ceiling Deal Possible Next Week! Q2 Gross Domestic Product (GDP) Now at 2.9% According to the Atlanta Federal Reserve. Déjà vu as investors start waiting for the “Looming Recession” again?The Federal Reserve is Poised for the Biggest Upward Revision on U.S. Economic Outlook Since 2021!Walmart Beats 1st Quarter Earnings/Revenue Expectation & Raises 2023 Full Year Guidance! April Retail Sales Spike.Home Builders Soar to New Highs on Demand for Housing! Airline Bookings Up 35% From May – September 2022 on Strong Summer Bookings with Asia Pacific Region Leading!Billionaire Hedge Fund Manager Paul Tudor Jones Says Fed Hikes Done, Stocks to Finish the Year Higher!CEO’s Amass Billions in “Top Hat” Nonqualified Deferred Compensation Plans!JPMorgan Says Markets are Right to Bet on Interest Rate Cuts, but When?Scamsters! Jobless Claims Tumble After Fraud Related Spike Eliminated.Canadian Solar Revenue up 36% in the 1st Quarter and Profit Spikes.Nuclear Power Helps Bring Down Finland Electricity Prices by 75% From December to April 2023.New York Rents Spike to Record so Far in 2023? Blistering Rally in Artificial Intelligence (AI) Stocks! New Exchange Traded Fund (ETF) Ticker CHAT.Pipelines Too Cheap? Oneok, Inc. to Buy Magellan Midstream Partners, LP in $19 Billion Deal.India Leads in “Laundering” Russian Oil Exports to Europe. Global Oil Demand Reached Record Level in March Per Saudi based International Energy Forum. PIMCO Likes Emerging Market Global High Yield Bonds! Oh, That’s Brilliant? Tether Holdings, Ltd., Largest Stablecoin Operator, to Put Reserves in Bitcoin?Profit ReportDiscussion notes on career best and worst investment decisions made by the MGWM Investment Committee members. Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Debt Ceiling Debate!Nuveen: Tightening Cycle Over.*Calamos: Why Bullish on Energy?
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Q: What is likely to happen in the financial markets between now and the end of July?A: The Inflation numbers for May and June of 2022, the largest and 4th largest months of inflation in the current cycle, drop off the trailing 12 month measure.Q: What are the potential outcomes of the current U.S. debt ceiling and default debates?A: A possible agreement after spending cut compromise, a straight default, or a partial government shutdown?Q: What did Warren Buffet do and say about the “looming” U.S. default?A: In the annual meeting for Berkshire Hathaway, he bragged about locking in 5.9% rate on a U.S. Treasury Note in the wake of market disruption and then indicated a compromise solution is the likely outcome.Q: Historically, how long does it usually take for the Federal Reserve to cut interest rates after a tightening cycle?A: The median time is 4 months; average time is 6 months according to Deutsche Bank Analyst Jim Reid.U.S. Consumer Price Index – Urban Consumers Year over Year, Non Seasonally Adjusted (05/31/2021 – 04/30/2023)– Courtesy of Bloomberg LP
U.S. Producer Price Index – Finished Goods Non Seasonally Adjusted, Year over Year (04/30/2021 – 04/30/2023)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (05/31/2021 – 04/30/2023)– Courtesy of Bloomberg LP
U.S. Zillow Rent Index – All Homes, Year over Year & U.S. Shelter Consumer Price Index, Year over Year (04/30/2016 – 04/30/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 05/12/2023)– Courtesy of Bloomberg LP
Federal Funds Target Rate Index (05/12/2003 – 05/12/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q2 (05/08/2023)– Courtesy of The Atlanta Federal Reserve
Standard & Poor’s 500 Index – Quarterly Earnings Per Share With Projections (03/31/2018 – 12/31/2024)– Courtesy of Standard & Poor’s and The McGowanGroup Asset Management
Headline Round UpConsumer Inflation Trailing 12 Months Down to 4.9% and Producer Inflation Just 2.3%. Both Down from Near 9%. Novo Nordisk and Eli Lilly Soar on Diabetes Weight Loss Success.Travel Boom! Boeing Wins $40 Billion Order from Ryanair.Investors Pour Billions Into Artificial Intelligence (AI) Start Ups? No business plan required? Wendy’s Drive Through Now Uses AI Chatbots! PacWest in Bank Hospice This Weekend. Stock Down 90% From Peak.High Points from Berkshire Hathaway’s Annual Meeting. What Recession? Lamborghini and Ferrari Punch Record Sales and Sellouts for 2022 going into 2023! Solar Boom Record in 2023!Big Oil Has $150 Billion in Cash! What will they do with all that cash? Tech Earnings Forecast to Fall 7% in Q2.2023 Q1 Home Prices Drop Even in Austin?American Factory Boom Boosts Caterpillar and Nucor.Factory Exodus from China Landing in India. Electric Vehicle (EV) Startups Lucid and Fisker Running Out of Cash.U.S. Energy Department Declares Need to Double Power Grid to Meet Renewable Energy Production Capacity!Profit Report7 key Estate Planning recommendations from experienced wealth managers based on decades of processing Estates and Trusts successfully.1. Get your wealth manager and estate planning attorney together to review the current plan. 2. Make sure that the latest Wills, Trusts, Power of Attorneys (POA’s) and all associated amendments are in your wealth managers document vault. 3. Introduce your primary Trustee/Executor to your wealth manager and make sure that they exchange contact information. 4. Schedule an Estate Plan review with your CPA to catch potential mistakes.5. Review the all current documents and strategize asset movement at different life events with your wealth manager.6. Click the link if you need a new estate planning attorney. The link takes you to a list of experienced estate planning attorneys that have helped our clients in the past. Remember, The McGowanGroup does not receive compensation for the referrals.7. Include your future Trustees in the McGowanGroup Wealth Management subscription list to start “Trustee Bootcamp” education.The Q2 2023 McGowanGroup Client UpdateReal economic growth in the first quarter of 2023 slowed to 1.1%. By 2024, economic growth is expected to reaccelerate according to Bloomberg projections.Rampant PessimismThe latest headlines featuring 3 bank failures, “looming recession,” reduced earnings, and bankruptcies of weaker zombie companies have led investors to one of the most remarkably cynical viewpoints that I have seen in my 37-year career. Predictions of a recession, so far, have not occurred. In fact, pessimism usually marks the beginning of the most profitable periods in financial markets: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” – Sir John Templeton.The Federal ReserveThe Federal Reserve’s Interest Rate tightening cycle appears to be coming to an end. The Federal Reserve has essentially reached the “Volker Thesis” requiring the overnight bank lending rate to equal the trailing 12 months inflation rate to reduce forward inflation, essentially 5%. For 16 months, valuations have been compressed by the increase in cash interest rates. The McGowanGroup Investment CommitteeOur Investment Committee meets every Wednesday in person to discuss economic and market conditions, candidates for addition and deletion in our model portfolios, as well as our group brainstorming emails. Changes are made automatically to all portfolios depending on the discipline. The McGowanGroup firmly believes in “No client left behind; no dollar left behind.” The past 16 months, we have focused on increasing the cash flow of our portfolios along with improving forward gain potential. Taking the above into account, The McGowanGroup believes that we are currently well positioned for outperformance.
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Debt Ceiling Debate!Nuveen: Tightening Cycle Over.*Calamos: Why Bullish on Energy?
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Real economic growth in the first quarter of 2023 slowed to 1.1%. By 2024, economic growth is expected to reaccelerate according to Bloomberg projections.Rampant PessimismThe latest headlines featuring 3 bank failures, “looming recession,” reduced earnings, and bankruptcies of weaker zombie companies have led investors to one of the most remarkably cynical viewpoints that I have seen in my 37-year career. Predictions of a recession, so far, have not occurred. In fact, pessimism usually marks the beginning of the most profitable periods in financial markets: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” – Sir John Templeton.The Federal ReserveThe Federal Reserve’s Interest Rate tightening cycle appears to be coming to an end. The Federal Reserve has essentially reached the “Volker Thesis” requiring the overnight bank lending rate to equal the trailing 12 months inflation rate to reduce forward inflation, essentially 5%. For 16 months, valuations have been compressed by the increase in cash interest rates. The McGowanGroup Investment CommitteeOur Investment Committee meets every Wednesday in person to discuss economic and market conditions, candidates for addition and deletion in our model portfolios, as well as our group brainstorming emails. Changes are made automatically to all portfolios depending on the discipline. The McGowanGroup firmly believes in “No client left behind; no dollar left behind.” The past 16 months, we have focused on increasing the cash flow of our portfolios along with improving forward gain potential. Taking the above into account, The McGowanGroup believes that we are currently well positioned for outperformance.
Q: What is Mark to Market and how has it contributed to weakening bank capital ratios.A: Mark to Market can present a figure for the current value of a company’s assets, based on what the company might receive under current market conditions. The Federal Reserve’s interest rate tightening cycle reduced the value of some loans and bonds in bank portfolios not marked as Held to Maturity.Q: Why Would DR Horton, Inc. and Builders FirstSource, Inc. with earnings down 32% and 24%, Skyrocket 21% and 66% respectively in value so far in 2023? A: Potentially because the stocks were priced under 5 times earnings. Federal Funds Target Rate Index (05/05/2003 – 05/05/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 05/05/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (02/16/2023 – 05/15/2023)– Courtesy of Bloomberg LP
C.B.O.E. 10 Year Treasury Note Yield Index (05/05/2021 – 05/05/2023)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (03/31/2021 – 03/31/2023)– Courtesy of Bloomberg LP
Headline Round UpU.S. Job Market Still Strong! Janet Yellen Yellin’ About June 1st Default! Skips right over partial government shutdown. Federal Reserve Raises Interest Rates to 16 Year High Over 5% and Pauses?Jamie Dimon Gets a Bargain in First Republic Bank! Regional Banks Plunge as PacWest Down 70% in a Week. Big Tech Earnings Spark Hope That Worst of the Post Pandemic Hangover is Over. Eli Lily & Co. and Novo Nordisk Rise Steeply on Demand for Slimming Drug. SolarEdge Technologies, Inc. Earnings Per Share More than Doubles! Westinghouse Electric Co. Unveils Plans for First Small Modular Nuclear Reactor. Carl’s Icahn Enterprises Called “Ponzi-like” by Hindenburg Research. Bad Behavior: Iran Seizes a Second Oil Tanker! Energy Transfer LP’s Current Annualized Free Cash Flow Over $8 Billion. Valero Energy Triples Profit as Refining Margins Strong! Enterprise Products and Cheniere Energy, Inc. Beat Estimates.Midland Booms, But City Government Fiddles. Inability or refusal to invest in city infrastructure?Shell PLC Posts Record Profit in Q1!Profit Report* The Republican House Passes DOA Debt-Ceiling Bill.
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Nuveen: Tightening Cycle Over.AllianceBernstein: U.S. Government Debt Burden.*Calamos: Why Bullish on Energy?
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The King Ranch, comprising over 800,000 acres, is bigger than the state of Rhode Island. It has been under continuous family ownership since its inception in 1853. We can take some financial lessons from King Ranch on creating a durable estate plan. In this article, we’ll talk about how the ranch came about and how the family accomplished this amazing feat of estate planning.
The Beginnings of the DynastyRichard King was born in New York City in 1824. When he was nine, his Irish immigrant parents put him into indentured servitude with a jeweler in Manhattan, and he never saw his parents again. At age 11, he escaped and stowed away on a ship bound for Mobile, Alabama.
The ship’s captain, Joe Holland, found and adopted King instead of beating or jailing him. He provided for his schooling and taught him river navigation. At 16, King became a riverboat pilot, which gave him cash flow and a skill that, in 1842, was very profitable.
The Texas ConnectionKing enlisted in the Navy in 1847 and came to Texas to serve in the Mexican-American war. The war began in 1846 and ended in 1848. He transported troops and supplies during the war and used Navy surplus boats to start his own operation when the war ended.
He was shrewd, fixated on profit, and he liked Texas. In 1853, he took the money he’d saved as a steamboat operator and bought his first land grant, the Santa Gratus, parts of it at two cents per acre. He got a great deal on the land, as scrubby South Texas land was going for one dollar an acre. That first land grant was the origin of the King Ranch.
A Thirst for ExpansionKing made his first acquisitions with partnerships but was notorious for edging out his partners, and the pattern persists. The latest lawsuit was in 2001 by the Chapman family.
King began expanding aggressively, making over 60 land purchases. An intriguing fact about the King Ranch expansion is that one part of the ranch extends to Laguna Madre, which runs from Corpus to South Padre or Port Isabel with two ports on either side. That particular inlet was convenient during the Civil War.
Water Is KingRichard King was king of his own nation, and water was a crucial resource in the arid countryside. He had developed mechanical skills as a riverboat captain to keep his riverboat operating since there were no marinas in the desolate territory he traversed. The mechanical skills he built enabled King to build water wells on his land.
With the abundance of water he now had, King went to Mexico and bought cattle for almost nothing during the drought when they would have likely died. He brought them back to the ranch, where there was plenty of water. But he didn’t just bring back cattle. King brought back ranch hands, who became known as Kenos or Kingsmen. They worked the ranch and sent money back to Mexico.
Today, the King Ranch has 300 windmills, 424 water wells, and solar-powered mills, and the descendants of the original Kingsmen still live in Kingsville and work the ranch.
Prospering During the Civil WarThe Civil War began on April 12, 1861, and ended on May 9, 1865, and Richard King had everything he needed to profit from the conflict. He could produce cattle, cotton, and other agricultural products with water and his ranch holdings.
The location of the King Ranch was vital to King’s success during the Civil War. King Ranch is close to the ports at Brownsville, Port Morris, and Port Isabel. With his riverboat captaining skills, he became a profiteer and banked a cool million dollars.
Never Sell the LandKing married Henrietta Chamberlain in 1854 near the beginnings of the ranch. King’s son, Robert, was intended to be heir to the ranch, but in 1883, he died of pneumonia. Robert’s death dealt Richard a blow that crushed him. In 1885, just two years later, Richard died of stomach cancer. Before he died, Richard told his family never to sell a foot of the ranch, even though he was deeply in debt by that time.
The SuccessorsHenrietta became the owner of the entire estate when Richard died in an all-to-spouse transfer. She was smart, disciplined, and demanding, and she had to be. She now had 500,000 acres and $500,000 in debt to deal with, somewhere near a dollar an acre. In today’s terms, that’s between $15 and $25 million.
Henrietta had previously met Robert Kleberg Senior, a lawyer who had provided legal services in the various lawsuits the King Ranch was going through at the time. Kleberg ended up marrying Alice King, Henrietta and Richard’s youngest daughter. Kleberg was an astute manager, paying off the debt and increasing the ranch’s holdings to 650,000 acres by 1895.
Into the 20th CenturyRobert Kleberg Jr. took over the ranch in the 1950s. Part of the cash flow and estate planning that kept the ranch intact included Ford Motor Company licensing the King Ranch name for an upscale version of its Ford F-150 truck. The truck is still listed today, and the 2023 version costs about $80,000. Ford originally designed the truck for the ranch, and the family selected all the features.
The truck isn’t the only branded merchandise. You can also get a King Ranch Cookbook. Still, the King family has no shame in capitalism.
Estate PlanningRichard’s first estate plan was to give everything to his spouse, Henrietta, rather than his heirs, who might break up the ranch. When Henrietta died, the ranch contained 1.2 million acres. Alice Kleberg, Richard and Henrietta’s daughter, and her husband, Robert, inherited over 800,000 acres of the land and, in 1934, incorporated it as the King Ranch. Robert Kleberg and Robert Klegerg Jr. designed the corporation to take over the ranch interest and gifting process.
This arrangement became known in the State of Texas as a dynasty trust. For generations, this type of estate planning has kept the ranch intact and the heirs from circumventing Richard King’s original instructions, “Never sell a foot.”
Q: Another bank implosion this week, The Federal Reserve’s meeting next week to discuss another potential interest rate hike plus slowing growth for the economy. Why is the Dow Jones Industrial Average 2,000 points above March lows?A: Stay tuned to hear Alex “The Profit” Tollen give his take!Q: What did Southwest Airlines CEO Bob Jordan say about the current economic environment?A: Not seeing the expected economic slowdown while air travel demand is strong and rising.Q: What is the real story on the price of your house right now in North Texas?A: Housing Prices are down 8.5% on average from the 2022 peak, but they are still up 2% over the past year.Standard & Poor’s CoreLogic Case-Shiller Dallas Home Price, Non Seasonally Adjusted Index (04/26/2021 – 02/28/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 04/28/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts With Probability of Recession (Q20 2022 – Q3 2024)– Courtesy of Bloomberg LP
Generic Oil Futures Spot Price (12/30/2022 – 04/28/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (02/16/2023 – 05/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Top 10 and Bottom 10 Companies (01/27/2023 – 04/28/2023)– Courtesy of Bloomberg LP
Headline Round UpGross Domestic Product (GDP) Up 1.1%! What does that mean for the financial markets?Beer and Handbag Demand Strong! Consumer Goods Companies delivered better than expected profit. New Home Sales RISE 10% in March?Meta Platforms, Inc., Owner of Facebook, Spikes 12% After Announcing Ad Sale Rebound. META up over 90% year to date, but still down 35% from its peak. AbbVie, Inc. Shares Fall 6% After Announcing a 17% Profit Increase? Sales for top selling drug Humira expected to decline this year.Frost Bank Shares Spike 5% After Reporting Resiliency. Net Investment Income (NII) higher than expected even though deposits are lower than analyst’s estimates so far this year.I.C.U. for First Republic Bank? First Republic Bank drops below $5, but peaked over $200 in 2021?Pricing Power! Tesla Model Y Now Undercuts Average Vehicle Price in U.S. & Prices Are Down 20K Since Middle of 2022! Only 10 Carmakers Will Survive Global Electric Vehicle (EV) Battle Says Tesla’s Chinese Rival Xpeng. General Motors, Co. Raises 2023 Guidance on Earnings and Cash Flow Due to Higher Than Expected Demand. UPS Down Almost 9%10% This Week. Lowers forecast for 2023 due to “deterioration of the macro [environment]” . Microsoft Corp. Spikes to Over $300 on Great Results.Goldman Sach’s Favorite Sector is Oil and Gas So Far This Year. Iran Seizes Chevron Charted Oil Tanker in the Gulf of Oman That Was Headed to the U.S.OilPrice.com Sees 4 Potential Scenarios for $200 Oil? Wind Power Research, Development & Construction Losing Money Due to Higher Costs and Expenditures. Still feeling the pinch of the supply chain constraints. U.S. Dollar Implosion Risk Greatly Exaggerated. Russian Pranksters Goof on Jerome Powell by Impersonating Ukrainian President Volodymyr Zelenskyy in January.Profit Report* The Republican House Passes DOA Debt-Ceiling Bill.
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.Preparing for Long Awaited Fed Pivot.AllianceBernstein: U.S. Government Debt Burden.*Calamos: Why Bullish on Energy?
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Q: What might earnings season tell investors so far this year?A: The McGowanGroup’s research below compares S&P 500 companies’ performance.Q: Over the last 90 days what companies have performed the best in the equity markets? A: We have included a recent Top 10 and Bottom 10 of companies in the S&P 500 Index below.Q: What could current copper prices tell investors about the global economy?A: Recent elevated prices can indicate robust global demand.Q: What are some of next week’s important announcements for investors? A: Stay tuned for a fast-paced headline round up from McGowanGroup Wealth Management! Dow Jones Industrial Average (12/30/2022 – 04/21/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)– Courtesy of Bloomberg LP
NASDAQ 100 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Top 10 and Bottom 10 Companies (04/21/2023)– Courtesy of Standard & Poor’s & The McGowanGroup
Headline Round UpA Few of Next Week’s Important Announcements For Investors!Tesla Reports 24% Decline in 1st Quarter Profit with Price Cuts.Homebuilder Sentiment Increases For the Fourth Month In a Row? Housing slowdown not as bad as expected?New Home Builder’s Currently Winning as Buyers Prefer New. America’s Homebuilder, DR Horton, Inc., Hits All Time High Despite Housing Slowdown? U.S. Housing Starts in Decline.Life Insurance Companies Halt Loans to Office Buildings as Massive Debt Comes Due.Brookfield Corp. Defaults on $161 Million in Office Building Debt. 10 Year Municipals Most Expensive to Treasuries Since 2021.OPEC Sees Oil Demand Climbing This Year. IEA Forecasts Record Demand in 2023 Driven By Chinese Consumption.World’s No. 3 Oil Services Provider, Baker Hughes. Co., Reports Huge Earnings Gain & Forecasts Decades Long Boom in Natural Gas Demand Growth. Rising PetroYuan and End of the PetroDollar? Chinese Yuan Denominated Oil Futures Contracts by Shanghai International Energy Exchange launched in 2018! UBS Loves ExxonMobil, Corp. & Upgrades Rating.Clean Energy Projects Explode to $150 Billion in Just 8 Months as Federal Incentives Propel Construction. U.S. Manufacturing Projects Set to Explode with $200 Billion in Commitments From Companies Following Passage of IRA and CHIPS Acts!China’s Economic Growth at 4.5%,Year on Year for the 1st Quarter, vs. Forecasted 4%. Record U.S. Air Travel Projected Through the Summer!BNY Mellon Corp. Reports Huge Revenue and Profit Gains in the 1st Quarter.Dallas Based AT&T Falls 10% in One Day Reaching 1995 Price? Washington Commanders Sold For $6 Billion. Republican Study Committee Chairman, Kevin Hern, Urges Colleagues to Pass Debit Ceiling Legislation by End of April?Profit Report The power of surplus cash flow during a great avocation phase according to The McGowanGroup.
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.PIMCO: Growing Demand, Tight Supply for Commodities in 2023.Cohen and Steers Infrastructure Investing for Potential Above Average Returns Including Energy.
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Q: What is Disinflation?A: Disinflation is commonly used by the Federal Reserve to describe a period of slowing inflation. Unlike Inflation and Deflation, which refers to the direction of prices, Disinflation refers to the rate of change of Inflation.Q: What is Post Traumatic Duration Disorder?A: PTDD: A term used by the McGowanGroup to describe the irrational impact on fixed income investment decisions after a period of rising interest rates. Typical symptoms include selling perfectly good portfolio positions at low points and failing to add to positions at bargain levels.Q: What can recent earnings reports tell investors about the equity markets?A: Stay tuned for the Networth Radio fast paced tour of the global financial markets!Dow Jones Industrial Average (12/30/2022 – 04/14/2023)– Courtesy of Bloomberg LP
iShares iBoxx High Yield Corporate Bond ETF (12/30/2022 – 04/14/2023)– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. (04/21/1993 – 04/14/2023)– Courtesy of Bloomberg LP
Pioneer Natural Resource Co. (12/30/2022 – 04/14/2023)– Courtesy of Bloomberg LP
U.S. Dollar Spot Price & Generic Crude Oil Futures Spot Price (04/21/1993 – 04/14/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Per Share with Projections (03/31/2018 – 12/31/2024)– Courtesy of Standard & Poor’s & The McGowanGroup
Headline Round UpConsumer Price Index (CPI) at .1% and Producer Price Index (PPI) at -.5% Inflation for March! Last Federal Reserve Interest Rate Hike Possibly May 3, 2023?Exxon’s Preliminary Acquisition Discussion with Pioneer Natural Resources Signals Potential Shale Mergers and Acquisitions Wave.TotalEnergies SE Considering $5 Billion Bid for Neptune Energy Group, LTD.Russia Cuts More Oil Production Than Anticipated in March.Warren Buffett Makes Another $4.5 Billion Gain in Japan. Buffett increased holdings in five major Japanese trading houses in 2020 from 5% to 7.4% and is looking for more exposure to Japanese stocks.Undercover CEO: Dara Khosrowshahi Transforming Uber After Serving Clients as a Driver Himself.Real Estate Investment Trust (REIT) Recession? What areas might be affected? ”Houston, We Have Problem” – Arbor Realty Trust Forecloses on 3200 Multifamily Units in Houston Owned by Applesway Investments!PC Shipment Recession? 1st Quarter 2023 Shipments Down 29%. CarMax, Inc. Shares Jump on Earnings Beat. Are low expectations the key to happiness?Proposed EPA Emissions Rule Attempts to Push Electric Vehicle (EV) Sales to Up to 60% of New Car Sales by 2032!Canadian Solar to Ramp Up Production Amid Surging Demand.Wind and Solar Power Generators Wait in Years Long Bureaucratic Lines.Factory Building at Record High After the Inflation Reduction Act.Profit Report Now that Inflation has declined and the looming Recession has failed to appear, what will the financial media hand investors us to worry about next? * The imminent demise of the dollar? * Potential U.S. Government shut down and default?
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: What important service does McGowanGroup Wealth Management provide to clients to make tax time easier?A: MGWM provides automated delivery of all tax forms directly to your chosen CPA through a secure document vault before the end of the year.Q: What does the Personal Consumption Expenditures Index (PCE) tell us about the current Federal Reserve’s (Fed) tightening interest rate cycle?A: One of the Federal Reserve’s important inflation measures is the year over year PCE. For the trailing year, inflation dropped to 5% and core inflation 4.6% meaning that the Fed reached their stated target for the Federal Funds Rate.Q: What are some of the reasons the 10-year U.S. Treasury Note yield fell to just 3.25% when the current overnight rates are 5%? A: Recession fears, expectations of lower interest rates in 2024 & Disinflation evidence.C.B.O.E. Short-Term Interest Rate Index & 10 Year Treasury Note Yield Index (04/06/2021 – 04/06/2023)– Courtesy of Bloomberg LP
U.S. Personal Consumption Expenditures Chain Type Index, Year over Year Seasonally Adjusted & Federal Funds Target Rate – Upper Bound (02/24/2021 – 04/03/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (04/07/2018 – 04/06/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q1 (04/05/2023)– Courtesy of The Atlanta Federal Reserve
U.S. New York Fed Equifax Flow Early Delinquency 30+ Days Auto Loans (12/31/2002 – 12/31/2022)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (12/30/2022 – 04/06/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 – Oil and Gas Exploration and Production, Industry Total Debt to Total Assets (04/13/1993 – 04/06/2023)– Courtesy of Bloomberg LP
Headline Round UpVeteran Investor & Yardeni Research President, Ed Yardeni, Says S&P 4600 by the End of the Year? Bozo or Sir John award winner? Saudi Surprise Production Cut Sends Oil to Over $80 Per Barrel. What is the real story on the reasons behind these cuts? The Highest Dividends in the S&P 500 Are In The Energy Sector! Grounded! Billionaire Richard Branson’s Virgin Orbit Files for Bankruptcy. Why? FedEx Raises Dividend 10%. What do recent 2024 earnings projections tell investors? Home Prices Jump in February 2023!? Sales of Apartment Buildings Drop 74% Year over Year in Q1 2023! China Has the Equivalent of 4 Million Unsold Homes and Apartments as of February 2023? Ford’s Q1 Sales Up 10%! Top Energy Analyst & Sankey Research LLC Founder, Paul Sankey, Predicts $100 Per Barrel Oil Likely by Summertime Due to Slashed OPEC+ Output.How Did Jimmy Buffett Become a Billionaire?Austin and Dallas are in The Top 5 Jobs Markets Nationwide!Profit ReportWhatever happened to those Non Fungible Tokens (NFTs)? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: Has the current banking crisis been solved temporarily or for good?A: Maybe yes to both. Secretary of the Treasury Janet Yellen’s backstop, along with solutions for First Republic, and First Citizen’s Silicon Valley Bank acquisition served to restore confidence in addition to generous discount window liquidity.Q: What is a Delta Squeeze and how is it likely impacting oil?A: Alex Tollen, Chief Operating Officer of The McGowanGroup & “The Profit”, will explain.Q: What is the estate planning tool that explains the 170-year legacy success of the King Ranch in Texas?A: Stay tuned for today’s grand finale.U.S. Producer Price Index – Finished Goods, Seasonally Adjusted Month over Month & U.S. Consumer Price Index – Urban Consumers, Month over Month Seasonally Adjusted (03/29/2021 – 02/28/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q2 2022 – Q3 2024)– Courtesy of Bloomberg LP
Standard & Poor’s CoreLogic Case-Shiller Dallas Home Price, Non Seasonally Adjusted Index (03/29/2020 – 01/31/2023)– Courtesy of Bloomberg LP
First Citizens BancShares Inc. (12/30/2022 – 03/29/2023)– Courtesy of Bloomberg LP
Alibaba Group Holding, Ltd. (01/01/2013 – 03/29/2023)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (12/30/2022 – 03/29/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q1 (03/24/2023)– Courtesy of The Atlanta Federal Reserve
Headline Round UpOil Spikes $10 Per Barrell in 2 Weeks?First Citizens Get a Delicious Bargain! March of 2023 Rush to Cash the Largest Since March of 2020.$14B in Oil and Gas Deals This Past Monday Alone.Alibaba Group Holding, Ltd. to Split into 6 Different Companies that Can IPO Again? How does that work?I’M SHOCKED! Credit Suisse Whistleblowers Say Bank Helped Wealthy Americans Dodge Taxes.Wharton School Professor, Jeremy Siegel, states, “Fed Beat Inflation Last Year”. “Completely Wrong Approach” Now.Dallas Home Prices Falling 1% Per Month? Still Up 45% Since Pandemic.Goldman Sachs Loves Solar as Costs Set to Dive Due to Tax Credits from the Inflation Reduction Act.Sam Bankman-Fried Now Charged with Bribing Chinese Officials with $40 Million to Unfreeze Accounts at Alameda Research, a Hong Kong Based Trading Firm Affiliated with FTX Which Has Over 1 Billion in Cryptocurrency!The Commodity Futures Trading Commission Sues Binance, the World’s Largest Crypto Exchange.Lululemon and Walgreens Beat Expectations! Micron Technology, Inc. Raises Forecast Too.ConocoPhillips Doubles Down on Alaska and Predicts Decades of Demand.ChatGPT Endangers Jobs But Helps Write the Next Section of Networth Radio!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: How is the U.S. Economy doing so far this quarter?A: As of March 16, 2023, The Federal Reserve Bank of Atlanta’s Real GDPNow estimate is 3.2% for the first quarter 2023.Q: What are some of the important forecasts for the financial markets in 2024?A: There is substantial earnings growth potential for the S&P 500, projected real economic growth of 1.2% with inflation dropping to 2.5% according to Federal Reserve forecasts, and estimated potential shortfalls in oil and gas production.Q: What areas of the equity markets does the McGowanGroup believe will outperform over the next year? A: The McGowanGroup will highlight likely current portfolio allocations and realistic targets for investors.Dow Jones Industrial Average (12/30/2022 – 03/24/2023)– Courtesy of Bloomberg LP
C.B.O.E. Short-Term Interest Rate Index & 10 Year Treasury Note Yield Index (12/30/2022 – 03/24/2023)– Courtesy of Bloomberg LP
Deutsche Bank AG (12/30/2022 – 03/24/2023)– Courtesy of Bloomberg LP
SPDR S&P Regional Banking ETF (12/30/2022 – 03/24/2023)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q1 (03/16/2023)– Courtesy of The Atlanta Federal Reserve
Headline Round UpCurrent Federal Reserve Announcements and Projections. Treasury Secretary, Janet Yellen, Pledges Backstop on Deposits if Necessary to Halt Bank Contagion. Recent Yield Curve Projecting a Return to Normal in 2024? Jobless Claims Decline for Second Week Near Record Lows! Existing Home Sales Up Over 14% in February with First Year Over Year Price Drop in 11 Years. Rent Inflation Slows.Tech Sector Outperforms Since Banking Crisis Began. Contingent Convertible Bonds Prove Danger of Derivatives and Structured Products. Global High Yield investments still positive so far in 2023. Ford Reports Electric Vehicle Division Loss of $2B and Forecasts Electric Vehicle (EV) Losses Growing to $3B 2023. Volkswagen Plans $200B Investment for EVs Over the Next 5 Years! VW Market Cap Only $70B? Chief Investment Officer and Portfolio Manager of ARKK ETF, Cathie Wood, on the Zerohedge Bozo List!Million Dollar Listing Star, Josh Altman, Projects New L.A. “Mansion Tax” will Be the Hardest Hit to Real Estate Market Since 2007.California’s Residential Natural Gas Use Double That of Texas?China Set to Deliver 40% of Global Oil Demand Growth in 2023?U.S. Liquified Natural Gas to Europe in 2022 Accounted for 64% of U.S. Exports. R.E.I.T. Allocations in Danger with Office Defaults in 2023 Set to Rise. New Oil Forecast Prices Rising to $90 West Texas Intermediate Crude Over Next 12 Months? Array Technologies Inc.’s Sunny Solar Forecast: Earnings to Double in 2023? Goldman Sachs Sees Commodities Supercycle Soon! Bank Pays $1.3 Million for Nickel but Got Rocks Instead?Profit ReportThe End of Abundant Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: What is the significance of current corporate profit projections between now and 2024?A: Corporate earnings are predicted to rise significantly over the next 18 months.Q: Is there now more trouble ahead for the U.S. banking system?A: By stepping in to backstop all deposits, instead of $250k FDIC limit, at the 2 failed banks the likelihood of contagion Bank Runs appears averted.Q: Will the Federal Reserve (Fed) reverse course regarding interest rate hikes?A: By guaranteeing all deposits to Silicon Valley Bank and Signature Bank The Fed is providing liquidity instead of tightening.Q: What can the recent movement in U.S. Treasury yields tell us about 2024?A: The Yield Curve Inversion, combined with the drop in yields this week appear to indicate a return to more normal interest rates next year.SPDR S&P Regional Banking ETF (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
First Republic Bank/CA (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
Comerica Inc., Cullen/ Frost Bankers Inc., Texas Capital Bancshares Inc. (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
CBOE Short-Term Interest Rate Index, CBOE 10 Year Treasury Note Yield Index, CBOE 30 Year Treasury Bond Yield Index (12/30/2022 – 03/17/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
US Producer Price Index Finished Goods SA MOM% and US Consumer Price Index Urban Consumers MOM SA (03/31/2021 – 02/28/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Quarterly Earnings Per Share (03/31/2018 – 12/31/2024)– Courtesy of Standard & Poor’s and McGowanGroup Asset Management
US Producer Price Index Finished Goods NSA YOY% and US Consumer Price Index Urban Consumers YOY NSA (03/17/2021 – 02/28/2023)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (03/17/2020 – 03/17/2023)– Courtesy of Bloomberg LP
Headline Round UpFDIC Averts Contagion Crisis Fully Protecting Deposits at Silicon Valley Bank and Signature Bank.Fed Loosens with $25 Billion Bank Term Funding Program.Lurking Systemic Risk of Tech Money Machine?Traders Bet No More Fed Interest Rate Hikes!Jim Cramer, CNBC Host, Awarded Double Bozo Award by NetWorth Radio!Swiss National Bank to Save Credit Suisse with $54 Billion Line of Credit!Deflation in January for the Producer Price Index.Egg Prices Decline Most Since 2020.Retail Sales Cool Off Declining in February.Healthy Jobs Report from February Plus Declining Wage Inflation.A Wealth Management Chatbot? Morgan Stanley Announces OpenAI for Advisors.$100 Oil This Year?U.S. Set to Become Largest Liquified Natural Gas (LNG) Exporter.ConocoPhillips Starts Alaska Work Hours after Willow Approval from Current Administration.Warren Buffett Adds 8 Million More Shares of Occidental Petroleum Corp. (OXY) During Downdraft This Week.Profit ReportThe End of Abundant Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: What are the likely explanations for the current U.S. Treasury Yield Curve Inversion: This week The 30-year Treasury Yield was at 3.85% vs. The 6 month Treasury Yield at 5.25%?A: Recession expectations, 2024 lower interest rate expectations, institutional allocations to U.S. Treasuries, and Disinflation since July are some potential reasons.Q: Is the global supply chain back to normal? A: Global Supply Chain Pressure Index is currently at -.26% lowest since 2019 after peaking above 4%.Q: What companies have recently posted positive forecast updates for 2023?A: Caterpillar, Inc., Adobe, Inc., and DICK’S Sporting Good, Inc. have all updated their 2023 outlooks for the better.Q: Who are some of the North Texas companies that have had the best share price gains so far in 2023 and what could that tell investors?A: Companies such as Builders FirstSource, Inc., Tenet Healthcare Corp. and Brinker International, Inc. are headquartered in Dallas and all currently thriving in the equity markets.U.S. Treasury Prices and Yields (03/10/2023)– Courtesy of Bloomberg LP
Silvergate Capital Corp. (03/10/2020 – 03/10/2023)– Courtesy of Bloomberg LP
SVB Financial Group (12/30/2022 – 03/10/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (03/10/2022 – 03/10/2023)– Courtesy of Bloomberg LP
Chevron Corp. (03/10/2020 – 03/10/2023)– Courtesy of Bloomberg LP
Merck & Co, Inc. (03/10/2020 – 03/10/2023)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (03/10/2022 – 03/10/2023)– Courtesy of Bloomberg LP
Headline Round UpFederal Reserve Chair Jerome Powell Goes All Spider Monkey Again! Electric Vehicle (EVs) Start Ups Running Out of Cash? Caterpillar Declares Not a Recession! Dick’s Sporting Goods Hits All Time High After Joining Salesforce in Raising Their 2023 Forecast?Biggest Dow Winners Since The Federal Reserve’s Interest Rate Hikes Started! The “Godot’s Recession” is Always 6 Months Away?Goldman Sachs New Uptown Dallas Headquarters with a Park!Texas Utopia By Elon Musk on Colorado River Outside of Austin! His own town?Mark Mobius, founder of Mobius Capital Partners, Issues Warning About Chinese Restrictions on Capital Outflows. “I can’t get my money out. The government is restricting the flow of money out of the country”.Double Bozo Award? Morgan Stanley’s Bearish Strategist, Michael Wilson, Expects a Rally in the Short Term?Citadel’s Rise to Most Profitable Hedge Fund Ever? Strong recent performance due to Natural Gas, Power & Commodities exposure! New Crypto-Contagion Casualties: Crypto bank Silvergate Shutting Down & Stock Already Down 98%. Warren Buffett’s Berkshire Buys More Occidental Petroleum Corporation (OXY)! Devon Energy Corp.’s CEO, Rick Muncrief, “New Price Surge as Oil Balances Tighten.” Permian Basin Reaching Peak Oil Production?Profit ReportThe End of Abundant Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: What were some of the most important observations and lessons from Berkshire Hathaway’s annual report to the McGowanGroup?A: Stay tuned for today’s grand finale on our show!Q: What could the bond markets be telling investors about the Federal Reserve March 22nd announcement on interest rates?A: The 6 month T-bill yield was at 5 1/8% on February 27. It was higher March 1st.Q: Are the financial markets experiencing a global pandemic of too much pessimism? A: “I don’t ever remember a time when the CEOs in this country are almost 100% universal that we are going to have a recession. Usually, recessions are something that comes out of left field and surprises the market. That’s not going to happen here.” -Jim PaulsenQ: Who are some of the North Texas companies that have had the best share price gains so far in 2023 and what could that tell investors?A: Companies such as Builders FirstSource, Inc., Tenet Healthcare Corp. and Brinker International, Inc. are headquartered in Dallas and all currently thriving in the equity markets.Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q1 (03/01/2023)– Courtesy of The Atlanta Federal Reserve
U.S. New One Family Houses Sold – Annual Median Year over Year Price Change (03/31/1998 – 01/31/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 03/03/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Financial Analysis (Q1 2022 – Q4 2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/30/2022 – 03/03/2023)– Courtesy of Bloomberg LP
Headline Round UpRecord $1 Trillion in 2023 Stock Buybacks, 2.5% of Wilshire 5000 value! Does this put a floor under future market corrections?Rivian Compounds Losses & Drops 17% in a Day.Global Shipping Deflation?10 Year U.S. Treasury Tops 4%.U.S. Commerce Secretary, Gina Raimondo, Declares “This economy is strong” inflation “steadily coming down.”Greenlight Capital’s David Einhorn Up 37% in 2022 Now Loves Tenet Healthcare.Deflation?: Apartment Rents Fell Over Past 6 Months in Every Major Metropolitan Area Ending this January.Median Home Prices Now Down Over Past 12 Months.McDonald’s Testing Krispy Kreme in 150 Locations in Kentucky!What Recession? Salesforce Spikes 15% on Strong Results at the End of February and Raised Forecast for 2023!Goldman Sachs Predicting $100 Oil By Year End?Latest China Manufacturing Data Stuns Markets & Oil Prices Spike.China Sending 10 Supertankers to Buy More U.S. Oil After Strategic Petroleum Reserve Release Creates “Remarkable, Profitable Arbitrage Opportunity”.Cheniere Looks to Pay Off More Debt With Second Investment Grade Credit Rating.Russian Oil & Gas Production Suffers Declines Without U.S. Companies and Equipment.U.S. Hits New Clean Tech Power Record as Wind and Solar Generation Soar!Four U.S. Cities Approve Small Nuclear Reactors.Shocking 2050 Projections for Increased Global Energy Usage!Profit ReportWarren Buffet’s Berkshire Hathaway’s Track Record, Annual Letter to Shareholders, and Their Investment Strategy!McGowanGroup’s 2023 Bozo Award and Sir John Templeton Award Contenders!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Did you know that Texas built the seventh-largest building in the world (at the time) with no money down? This tale is the quintessential Texas story of how the deal went down with big hats, big egos, no cash, and no cattle.
Texas Goes Big
When the Republic of Texas joined the United States in 1846, Texas, the only state that was a nation first, retained all public lands under the statehood agreement. In 1875, Texas had a generous homestead policy that enabled ranchers to secure massive holdings. It also had little cash but wanted to build a big, bodacious capitol building 11 feet taller than the nation’s capitol.
The legislature made a deal with Charles B. and John V. Farwell of Chicago to trade three million acres in the Panhandle Permian Basin for building the capitol. Cattle was the investment bubble of the day, and money-making ranches appealed to investors from Chicago, which was the center of the meat-packing industry.
Building the Capitol
Mathias Schnell of Rock Island, Florida, was the first to post a $250,000 bond to build the capitol in January 1882. Elijah E. Meyers of Detroit drew up the plans for $12,000, and by May, Schnell had assigned his interest to Taylor, Babcock, and Company. John V. Farwell was a principal and company representative. The project became more urgent because the original capitol burned during the design process.
The estimate for construction on the new capitol was $3.2 million in materials and labor, but costs began to escalate. At the same time, watered land was going for $.55 an acre and unwatered land for $.25 per acre. The poor land value made the trade less attractive to Taylor Babcock and amounted to overpayment for the land.
The original plan was to build the capitol out of limestone, but when it arrived, it was discolored. Replacing it extended the completion date and increased costs as Taylor Babcock carted granite from Marble Falls to the Austin-bound train.
As costs escalated, the State of Texas supplied prison labor, and Taylor Babcock housed the prisoners. The local union objected, and Taylor Babcock brought in 64 Scottish stonecutters. The Labor Board fined Taylor Babcock $64,000 for using illegal immigrant labor. Four years of appeals later, the Labor Board reduced the amount to $8,000. Construction resumed in 1885.
Meanwhile, Back at the Ranch
It takes capital to start a ranch, build houses and barns, purchase stock, and provide water. Babcock planned to buy 150,000 head of cattle at $20 per head. He expected an investment of $3 million to yield 30% or $1 million annually, less drought costs. Degradation of the herd would require $2 million.
Taylor Babcock began running out of money as they worked on the capitol and started the ranch. They had initially committed to $5 million to build the capitol, likely raised from the Chicago syndicate. But the company still needed to build the ranch.
John V. Farwell created the Capitol Freehold Land and Investment Company, Ltd. in London to raise money. The enterprise sold debentures yielding 5% interest. Farwell planned to raise $15 million and successfully raised $10 million. He issued bonds at 7% interest for the rest.
A trail driver named Ab Blocker created the ranch’s XIT brand.
A Win for Texas
The capitol building in Austin opened to the public on San Jacinto Day, April 21, 1888. It is the largest state capitol building in the country. The total expense to build it was $3,744,630.60, and the syndicate paid $3,224.593.45.
The cattle market crashed in 1886 and 1887, and the ranch couldn’t sell its cattle, causing it to operate without showing a profit. In 1901, the syndicate began selling land to pay off the bonds and continued until 1909, when they paid off the last of them and The Capitol Freehold Land and Investment Company, Ltd. dissolved. XIT sold the last of its cattle in November 1912.
Investment Lessons
In the McGowan Offices at the Crescent, you can see a 1917 Capitol Freehold Land and Investment Company certificate traded on the London Stock Exchange. The equity did better than the 7% on the bonds, and both did better than holding cash during the same period.
A: Another sell off in the financial markets ahead of the Federal Reserve raising Interest Rates combined with business preparing for slowing growth.Q: If I cannot rely on a rally in the equity markets, what should I be doing?A: Increase forward cash flow in assets that are undervalued.Q: How are successful investors different from those that make big mistakes?A: One major difference, The McGowanGroup sees, is an investor’s steadfast commitment to own great assets when attractively priced.Q: Where could investors find some of the most attractive cash flowing investments right now? A: Potentially Treasury Bills or Better.Dow Jones Industrial Average (12/30/2022 – 02/24/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/30/2022 – 02/24/2023)– Courtesy of Bloomberg LP
U.S. Personal Consumption Expenditure Core Price Index – Month Over Month, Seasonally Adjusted (01/31/2021 – 01/31/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (02/24/2021 – 02/24/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts With Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 (02/16/2023)– Courtesy of The Atlanta Federal Reserve
Headline Round UpOil and Gas Companies Continue to Book Record Cash Flow and Profit, Again!Morgan Stanley Starts of the Week Declaring a “Death Zone?”Leuthold’s Chief Investment Strategist, Jim Paulsen, Says S&P 500 Will Hit 5000 in the Coming Year & This is the Start of a New Bull Market! Who will win the Sir John Templeton Award and who will win the Bozo Award?Nurse’s Side Hustle Banks $2 Million Net Profit Last Year!Vanguard “Not in the Game of Politics” and Refuses to Rule Out New Fossil Fuel Investments.Existing Home Sales Lowest Since October 2010.AI Writes A Great Article on Business Valuation!Global Oil Demand Record Hit in December 2022.Morgan Stanley Forecasts for Global Oil Demand Raised By 36% or an Increase to 1.9 Million Barrels Per Day by 2024.Natural Gas U.S. Glut Due to Weak Winter Heating Demand & Freak Industrial Outage.Kitchin Cycle Predicts Higher Oil and Gas Prices Potentially by Year End.Home Depot No Growth in Sales for First Time in 2023.Walmart Lowers Guidance After Good Results in Q4 2022. Weaker than expected outlook for 2023.Global High Yield Bond Spreads Highest Since 2009?Business Activity Stronger Than Expected in the U.S., Eurozone & U.K.!Germany Extends Nuclear Plants Poised to Close in 2022 Until April 2023.Profit ReportGlobally, How Far Have We Really Gotten With Alternative Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Q: What changed dramatically this week about some of the forward looking economic forecasts?A: Atlanta Fed Real GDPNow estimates 2.4% current economic growth.Q: Retail sales up 3% in January? Don’t all those people know this is a Recession?A: Jobs and sales appear to indicate a healthy economy.Q: Why have the equity indexes remained remarkably stable in February?A: The overall market may have found equilibrium temporarily.Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 (02/08/2023)– Courtesy of The Atlanta Federal Reserve
Adjusted Retail & Food Services Sales, Seasonally Adjusted Total Monthly Percentage Change (01/31/2021 – 01/31/2023)– Courtesy of Bloomberg LP
U.S. Employees on Non-Farm Payrolls Total Month Over Month Net Change, Seasonally Adjusted (02/15/2022 – 02/15/2023)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month Over Month, Seasonally Adjusted (01/31/2022 – 01/31/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/30/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Chicago Board Options Exchange Volatility Index (02/15/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Headline Round UpAre We Shocked? Goldman Sachs Says “Soft Landing” & Some Economists Declare “No Landing” With Growth Accelerating.January 2023 Consumer Price Index (CPI) Rises .5%. 7 Month Total Annualized is 2.4% Since July 2022.Car Prices Hit Record High. Average Monthly Payment Amount Nearly Double Compared to 2019!Some of Berkshire Hathaway’s Quarterly Moves.Oops: Stan Druckenmiller’s Duquesne Family Office and Others Dumped Tech Stocks Before 2023 Rally.Crypto’s Hostile Crackdown by U.S. Regulatory Authorities.FDIC Policy Analyst Married to Commodity Futures Trading Commission Employee Made 3000 Short Sales.Natural Gas Decline Corresponded to Freeport Liquified Natural Gas (LNG) June Explosion.Plains All American Pipeline L.P. Predicts 500,000 Barrel Per Day Permian Surge this Year!Devon Energy Smacked Down on 2023 CapEx Guidance.Texas Rising: West Texas Intermediate Crude Contracts Hit Record High So Far in 2023!U.S. Government to Sell Another 26 Million Barrels of Strategic Petroleum Reserve? Regularly scheduled sale?Oops: Dow Jones Industrial Average Kicked Out Exxon Mobil, Corp. for Salesforce, Inc. Avoiding a Double in Value & Losing 20% Instead?China’s Reopening Leading to Commodity Boom!OPEC Estimates Global Oil Demand Rising 100,000 Barrels Per Day in 2023 Due to Stronger Economies.Air India, Ltd. Bullish & Places Order for 470 Planes!SolarEdge Technology, Inc. and Enphase Energy, Inc. Earnings Home Runs So Far in 2023!Ford Invests $3.5 Billion for Michigan Battery Plant.Private Equity Buyers Beware: Former Slync, Inc. Co-Founder & CEO, Christopher Kirchner, Arrested and Charged with Fraud by Multiple Federal Agencies!Profit ReportThe Secure 2.0 Act is Delaying Required Minimum Distributions (RMDs)! Details for investors?Globally, How Far Have We Really Gotten With Alternative Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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Did equity valuations go too low in 2022?What caused the Dow Jones to spike 600 points this past Tuesday?Should investors fear a potential Windfall Profits Tax?Is the 2023 Tech Sector bounce sustainable?What are some of the important changes in the Secure 2.0 act?Will commodities rally in the equity markets in 2023?What is the McGowanGroup’s Portfolio Logistics Planning Process?Dow Jones Industrial Average (02/12/2018 – 02/10/2023)– Courtesy of Bloomberg LP
Chicago Board Options Exchange Short Term Interest Rate Index (02/12/2018 – 02/10/2023)– Courtesy of Bloomberg LP
Commodity Research Bureau Index (02/12/2018 – 02/09/2023)– Courtesy of Bloomberg LP
Cullen Frost Bankers, Inc. (01/01/1990 – 02/10/2023)– Courtesy of Bloomberg LP
Headline Round UpDisney Stock Spikes 6% On Announcement of $5.5 Billion in Cost Reductions. Will ESPN’s “The Ocho” survive?Power Rally: Hilton Worldwide Holdings, Inc. More Than Doubles Earnings Last Quarter.PepsiCo, Inc. Continues Stellar Earnings Record With Higher Than Expected Profit in Q4 2022!Chicken Little: 100 Million Killed by Bird Flu Since October.Credit Suisse’s Biggest Annual Loss Since 2008?Gamble Mania: Super Bowl Betting Expected to Hit $16 Billion.Zoom Video Communications, Inc. Slashing Workforce by 15%.Alphabet’s Google Artificial Intelligence (AI) Demonstration Makes a Big Mistake!OpenAI, Make of ChatGPT, Now Empowering Microsoft Search Engine Bing.Home Buying Companies Stuck with Hundreds of Houses as Demand Slows.Goldman Sachs’s Top Commodity Analyst, Jeffrey Currie, Predicts Spare Oil Production Capacity to Dwindle with Possible Shortages in 2024. Forecasts $100 Per Barrel Oil Before Then?Western Major Oil Companies Report Record $219B Profits! What are they doing with all that cash?India Predicts 500% Increase in Natural Gas Demand Due to Rapid Development.Solar to Provide Over Half of New Electricity Capacity in 2023.Who is UBS’s Top Nuclear Pick?Small Modular Nuclear Race.World’s Largest Carbon Capture Plant Restarts in Texas. Texas Becoming Renewable Capital of U.S. Due to The Inflation Reduction Act!New Exchange Traded Funds (ETFs) to Track U.S. Lawmaker Stock Trades!Profit ReportThe Secure 2.0 Act is Delaying Required Minimum Distributions (RMDs)! Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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What were the Federal Reserve’s announcements regarding interest rates?Why did tech stocks soar after the Federal Reserve’s announcements?What is the January Effect?Who are some of the North Texas companies who have, so far, posted large gains in 2023?Is Spencer Whistling Past The Graveyard wearing Rose-Colored Glasses?Is Alex’s outlook on the equity markets Bearish?Why did High Yield Bond funds spike in value recently?What is Convexity?What is The McGowanGroup Wealth Management’s (MGWM) process for empowering our clients?Standard & Poor’s CoreLogic Case-Shiller Dallas Home Price Non Seasonally Adjusted Index (02/03/2022 – 11/30/2022)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers, Month over Month Seasonally Adjusted (12/31/2021 – 12/31/2022)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (12/30/2022 – 02/03/2023)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (01/03/2023 – 02/03/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (02/03/2022 – 02/03/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Headline Round UpBest Start to the Year for Tech Stocks Since 2001? What happened to the Sector after that great start?Meta Platforms, Inc. Ended 2022 Down more than 65%, But Now Up Over 50% So Far in 2023?Ferrari NV Profits Jump 13% in 2022!Supply Chain Issues Finally Solved? General Motors, Co. Q4 2022 Profits Soared While Harley-Davidson, Inc. Revs Up Shipments!How Gautam Adani Made $147 Billion and Could Lose It.Celebrities Who Endorsed Cryptocurrencies and NFT’s (Non-Fungible Tokens) Getting Sued By Investors With Losses!Microchip Makers Intel and AMD Making Cow Chips? Costs risings & sales falling?Peloton Interactive, Inc. Revenue Down 30% in Q4 2022, Still Losing Money, Yet Has Doubled in Price since October 2022? Alex, what is a Short Squeeze?Oil Giants Continue to Capitalize on Higher Prices! Shell PLC Posts Record $40 Billion Profit in 2022 and Exxon Mobil Corp.’s $55.7 Billion Profit in 2022 Sets a Record with Distance!Saudis Cut Oil Production Output.Windfall Profit Taxes Being Utilized by Foreign Governments to Seize a Fraction of Global Energy Profits.Texas Natural Gas 2/3rds of Texas Winter Production This Past Week!Denbury, Inc. a Carbon Capture Giant as Indirect Beneficiary of Biden Climate Bill!Oil Prices Potentially at $90 Peak in 2023?Profit ReportAre Clients Happy Now? The Current High Yield Outlook for 2023?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*AllianceBernstein: High Yield Momentum.
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What is the real story on 2022 Q4 Growth and Inflation in the financial markets?What can 2022 Q4 profit announcements tell investors?Are energy companies still undervalued in the equity markets currently?What are some of the fixed income strategies that appear most attractive to investors now?What are a few of the key parts to an effective financial plan for investors?Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers, Month over Month Seasonally Adjusted (12/31/2021 – 12/31/2022)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2022 – 02/15/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (01/28/2020 – 01/27/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (01/27/2022 – 01/27/2023)– Courtesy of Bloomberg LP
Generic Crude Oil Futures Spot Price (01/27/2020 – 01/27/2023)– Courtesy of Bloomberg LP
Headline Round UpU.S. GDP Growth Slows to 2.9% in Q4 of 2022. Is the Federal Reserve Happy?Fossil Fuels Producing 10% of S&P 500 Index’s Earnings!Texas Rakes in Record Oil and Gas Tax Payments in 2022!Halliburton Raises Dividend By 33% After Large Share Buyback.Dallas Based Matador Resources, Co. Announces $1.6 Billion Acquisition of Advance Energy Partners Holdings, LLC To Add Shale Oil Reserves in the Permian Basin.Citadel Records $16 Billion Profit Breaking Records in 2022!U.S. Certifies First Small Modular Nuclear Reactor.Nuclear Powers 68% of France in 2021.German Public Now Wants Nuclear Power?Morgan Stanley Predicts 5 Multi Year Run in Clean Energy Sector! Lists 5 themes impacting clean tech in 2023!Huntington Beach, California Gives Up On 100% Renewable Plan Due to Transparency Concerns with Orange County Power Authority.U.S. Farm Group, Farm Action, Calls For Price Probe: Egg Conspiracy?Jeff Bezos Selling the Washington Post to Buy the Washington Commanders?Europe Studies 4 Day Work Week For Everybody!Wealthy Clients Moving Cash Reserves to U.S. Treasuries and Money Market Funds.Tesla Record Profits in Q4 2022.Profit ReportAre Investors Happy Now? The Current High Yield Outlook for 2023?Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*AllianceBernstein: High Yield Momentum.
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Should investors fear the Debt Ceiling and a Government shutdown?Did Inflation subside in July 2022?What are some of the important financial forecasts for investors in 2023?What events could surprise investors next week in the equity markets?How can investors engage The McGowanGroup?Dow Jones Industrial Average (01/01/1986 – 12/31/1999)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (01/01/2000 – 12/31/2012)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (01/01/2013 – 01/17/2023)– Courtesy of Bloomberg LP
Yearly U.S. Economic Forecasts with Probability of Recession (2015 – 2024)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (01/17/2020 – 01/17/2023)– Courtesy of Bloomberg LP
Headline Round UpYellen About the Debt Ceiling!Global Recession, Clickbait or Reality? If real, is it mild or bad?Wharton Finance Professor, Jeremy Siegel, says U.S. Has “Really Solved Inflation Problem”.Goldman Sachs Falls 30% In One Day!? Possible causes?Morgan Stanley Defies Gravity in 2022 with Great Results.Wyoming Lawmakers Propose Phasing Out Electric Vehicles By 2035 to Protect Its Oil and Gas Industries?U.S. Bank Silvergate Loses $1 Billion in 2022 Q4 Crypto Fallout.A “Bullish Concoction” For Commodities Says Goldman Sachs?Chinese Inflection Point?U.S. Housing Market in Big Trouble With Regional Recessions?New York Manufacturing Plummets To Its Lowest Levels Since May 2020!Bonds Over Stocks? What kind of bonds?Profit ReportWhat are The McGowanGroup’s most important lessons over the last 36 years of investing? Logistics of consolidation with The McGowanGroup!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*Nuveen: 2023 Outlook From Global Investment Committee
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
Why the big rally in equity markets so far in 2023?Did inflation subside in July 2022?What are some of the important forecasts for the financial markets in 2023?Was economic growth in the U.S. significant in Q4 2022 compared to forecasts?Could High Yield Bonds outperform the equity markets in 2023?How can effective account logistics empower investor’s financial plans?U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (01/13/2022 – 01/13/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Yearly U.S. Economic Forecasts with Probability of Recession (2015 – 2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (01/13/2020 – 01/13/2023)– Courtesy of Bloomberg LP
U.S. Existing Home Sales, Seasonally Adjusted Annual Rate (05/01/2021 – 11/30/2022)– Courtesy of Bloomberg LP
Evolution of Atlanta GDPNow Real GDP Estimate for 2022: Q4 GDPnow 4Q22 1.13.23 – Courtesy of GDPNow
Headline Round UpDecember Deflation! Inflation For Last 6 Months Annualizes Below 2%!Jim Paulsen, Chief Investment Strategist for The Leuthold Group, Says S&P 500 to hit 5000 in 2023? Texas Wins Again: 2023 Texas Budget Surplus $33 Billion vs. 2023 California Budget Deficit $23 Billion!Tesla Eyeing $775 Million Expansion in Texas Production Factory! Pipeline Shortage! California Paying Up To 5 Times More for Natural Gas in 2023!Tech Bubble Popping: Dumbest Ideas From The Longest (So Far) & Craziest Tech Boom? Top Office Owners Shift to Residential Projects. R.E.I.T. Markdowns?Blackstone’s Desperate Deal With UC Investments. Bed Bath and Gone – Bankruptcy filing possible for retailer “within weeks”?!Oil and Gas Boom Updates! U.S. on track to double Liquified Natural Gas exports by 2030?China: Massive Oil Imports Amid Reopening & Possible $140 Oil?Energy Department’s Strategic Petroleum Reserve Oil Refill Target Now $96 or Below?Jeffrey Gundlach, DoubleLine CIO: Fed Won’t Get To 5% and the Bond Market Says So!Profit ReportAttractive High Yield Spreads?The McGowanGroup Wealth Management (MGWM) Planning Process: Alex, what does that process look like and why has it worked so far?Next Week: What are The McGowanGroup’s most important lessons over the last 36 years of investing? Logistics of consolidation with The McGowanGroup!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**AllianceBernstein: High Yield Attractive? 2023 Fixed Income Outlook.
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Are there too many bearish bets on the equity markets and what does that typically mean?Why is economic good news possibly bad news for the financial markets?How much investor money has been lost in Cryptocurrency since November of 2021?How bad is the current U.S. housing market deep freeze?What potentially happens to investor sentiment during and following Bear Markets?What could investors, with a 3-5 year timeline, do right now?Standard & Poor’s 500 Index (01/06/2022 – 01/06/2023)– Courtesy of Bloomberg LP
Global X MLP ETF (01/06/2022 – 01/06/2023)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (01/06/2020 – 01/06/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Member Ranked Returns by Company (10/06/2022 – 01/06/2023)– Courtesy of Bloomberg LP
Headline Round UpU.S. Jobs Market Is Healthy!Tech Layoff Announcements?Gone to Texas! : Top Spot Again in U-Haul Index!U.S. Pending Home Sales Plummet! 45.7% in the West. Domestic Auto Sales Down 8%! Lowest Since 2011. Tech Wreck: Cathie Wood’s ARKK Performance Update and Buy/Sell Roster.Warren Buffet’s Top Holdings! OXY and CVX Biggest Additions for 2022. ExxonMobil and Chevron Corp. Set for Record $100 Billion in Profits in 2022. The New “Big Short” King, Neal Berger Founder of Eagle’s View Capital, Stands Tall! JPMorgan’s Top Picks for 2023. 100MM Fraud? Trader Avraham Eisenberg accused of trying to steal from crypto exchange Mango Markets!China? “To Not Too.” Apple Starts Making MacBooks in Vietnam in 2023!The Fall of Tesla, Inc. and The Rise of ExxonMobil Amid the Energy Crisis?McGowanGroup Wealth ManagementQ1 2023 Client UpdateThis year welcomed our 10th and newest team member Preston Lane, Director of Client Relations. Our dedication to Excellence in Service and pursuit of Superior Client Profits remains steadfast!Key Trends Expectations for 2023 appear overly pessimistic: As of 12/20/2022, The Atlanta Federal Reserve Real GDPNow projection shows 2.8% economic growth for the fourth quarter. Projections in Bloomberg were for just .2%.Slowing GrowthThe key to happiness in 2023 appears to be low expectations. The current Federal Reserve projections are .5%for 2023 growth. With reduced earnings forecasts the bar is set low, but positive surprises could be the result in January earnings announcements.Cooling InflationInflation appears to have peaked in June 2022 at an annual Consumer Price Index (CPI) rate of 9.1%. Since June, CPI would annualize at about 2.5% inflation. If inflation does spike again, oil and gas prices are the likely the cause of and beneficiaries of the surge.Energy Crisis and StrategyExxonMobil recently issued a forecast that profits and cash flow could double by 2027. The bold forecast indicates that energy infrastructure could continue to lead the S&P 500 again for an extended period. Energy holdings and inflation friendly medical dividend companies account for McGowanGroup’s resiliency this year versus large declines in the equity markets.Interest Rates, Bonds, and Federal Reserve PolicyIs the Interest Rate tightening cycle coming to an end? Federal Reserve projections for the base overnight bank lending rate are poised to reach 5.1%. This could signal ½% rate increase on February 1st, 2023, or two 2 more ¼% increases later in the year. Bonds are currently trading at a discount with yields above 7% likely to benefit from the end of the aggressive tightening cycle.Capital Gains StrategiesIn 2019, as the Federal Reserve reached the end of 2018 tightening cycle, the Bear Market ended with a return to higher valuations.Possible attractive portfolio additions include: • Rising Dividend Companies • Energy Companies • Clean Technology Companies • Deeply Discounted Bond Funds with Attractive Yields.Profit ReportThe McGowanGroup Wealth Management (MGWM) Planning Process: Alex, what does that process look like and why has it worked so far?What are some of the most important lessons for investors over the last 30 years?Logistics of consolidation with The McGowanGroup!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**Nuveen: 2023 Outlook from Global Investment Committee
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
McGowanGroup Wealth ManagementQ1 2023 Client UpdateThis year welcomed our 10th and newest team member Preston Lane, Director of Client Relations. Our dedication to Excellence in Service and pursuit of Superior Client Profits remains steadfast!Key Trends Expectations for 2023 appear overly pessimistic: As of 12/20/2022, The Atlanta Federal Reserve Real GDPNow projection shows 2.8% economic growth for the fourth quarter. Projections in Bloomberg were for just .2%.Slowing GrowthThe key to happiness in 2023 appears to be low expectations. The current Federal Reserve projections are .5%for 2023 growth. With reduced earnings forecasts the bar is set low, but positive surprises could be the result in January earnings announcements.Cooling InflationInflation appears to have peaked in June 2022 at an annual Consumer Price Index (CPI) rate of 9.1%. Since June, CPI would annualize at about 2.5% inflation. If inflation does spike again, oil and gas prices are the likely the cause of and beneficiaries of the surge.Energy Crisis and StrategyExxonMobil recently issued a forecast that profits and cash flow could double by 2027. The bold forecast indicates that energy infrastructure could continue to lead the S&P 500 again for an extended period. Energy holdings and inflation friendly medical dividend companies account for McGowanGroup’s resiliency this year versus large declines in the equity markets.Interest Rates, Bonds, and Federal Reserve PolicyIs the Interest Rate tightening cycle coming to an end? Federal Reserve projections for the base overnight bank lending rate are poised to reach 5.1%. This could signal ½% rate increase on February 1st, 2023, or two 2 more ¼% increases later in the year. Bonds are currently trading at a discount with yields above 7% likely to benefit from the end of the aggressive tightening cycle.Capital Gains StrategiesIn 2019, as the Federal Reserve reached the end of 2018 tightening cycle, the Bear Market ended with a return to higher valuations.Possible attractive portfolio additions include: • Rising Dividend Companies • Energy Companies • Clean Technology Companies • Deeply Discounted Bond Funds with Attractive Yields.Headline Round UpThe Financial Times Predicts All Time High Oil Demand in 2023 and Makes Energy Predictions. U.S. Home Construction in Deep Recession. Repo Market Boom in 2022! Texas Gold Rush in Permian Basin. *Biden’s Natural Gas Phase Out! Administration to cut fossil fuel from federal buildings by 2030.Profit ReportWhat are some of the most important lessons for investors over the last 30 years?Logistics of consolidation with The McGowanGroup!Dow Jones Industrial Average (01/01/1986 – 12/22/2022)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/31/2021 – 12/22/2022)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (12/22/2017 – 12/22/2022)– Courtesy of Bloomberg LP
C.B.O.E. 10 Year Treasury Note Yield Index (01/02/1986 – 12/22/2022)– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. (01/01/1992 – 12/22/2022)– Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 12/22/2022)– Courtesy of Bloomberg LP
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Ryan “Birdman” Parrott with The Human Performance Project
Birdman, by dedicating himself to serving veterans and supporting suicide prevention, launched The Human Performance Project. This concept was to take health and wellness to the next level of human performance. The launch event is the opportunity of a lifetime: 7 continents in 7 days including skydives, distance runs, and even a snowball fight in Antarctica!Former Navy SEAL and Founder of two nonprofit organizations benefitting Veterans and First Responders, is originally from Detroit, Michigan. Birdman enlisted in the Navy after watching the Twin Towers collapse on 9/11 and served eight years as a U.S. Navy SEAL attached to SEAL Team SEVEN, completing three combat tours to Iraq before being assigned to Advanced Training Command as an Instructor.In 2005, while serving in Iraq, Birdman was riding atop a Humvee manning the gun turret in enemy territory, when his vehicle was hit by an improvised explosive device (IED), causing a detonation and throwing him from the Humvee. Birdman regained composure with his face and hands burned and witnessed his fellow team members suffer devastating burn and blast injuries. His entire team survived their injuries and went back to operating.In 2012, Birdman established Sons of the Flag to help Veteran and First Responder burn survivors and their families find the help and medical attention they truly deserve. He recognized that burn care treatments and advancements had not been evolving as other forms of injuries, so he made it his mission to do something about it!He is also the founder of the Birds Eye View Project, addressing the extreme needs of Veterans and First Responders through extreme sports.In the midst of running two nonprofit organization, Birdman also authored “Sons of the Flag: Real Accounts from the last 100 years of American Service”, a book dedicated to relaying a selection of real stories of American Heroes.Then, Birdman had a special calling because of a teammate and dear friend that he lost too soon. Now a sponsored athlete in the extreme sports arena, he has founded The Human Performance Project. This Human Performance Project will encompass taking a deeper dive into health and wellness giving our next generation a better understanding and roadmap on taking proper care of their bodies through physical, mental, emotional and spiritual guidance from world renowned experts in their fields.NetWorth Radio’s Dallas Leadership Series: Spencer McGowan Interviews Officer Danny Canete & Officer Joe King with Assist The Officer Foundation!
Officer Danny Canete and Officer Joe King of Dallas’ Finest join us to detail their extraordinary leadership in supporting first responders and how the community can help today. Make a difference for your first responders. The Assist The Officer Foundation provides financial assistance to officers who are facing the loss of income due to a serious injury, life-threatening illness or other catastrophic event. Immediate assistance is also available to an officer’s family in the event of the death of an active officer.Since its creation in 1999, the foundation has provided assistance to hundreds of officers and their families who were faced with any number of different life-altering situations.In 2004, the ATO Foundation launched a first of its kind, confidential counseling service, exclusively for Dallas police officers. The stress of everyday life can take a toll on almost anyone – add to that, the danger and stress of being a police officer – and sometimes life can be overwhelming. Our counseling program was designed for police officers, by police officers and professionals working together.As resources allow, the Foundation will continue its growth by adding new programs to meet the needs of police officers in an ever-changing world.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*Nuveen: 2023 Outlook from Global Investment Committee
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Ryan “Birdman” Parrott with The Human Performance Project
Birdman, by dedicating himself to serving veterans and supporting suicide prevention, launched The Human Performance Project. This concept was to take health and wellness to the next level of human performance. The launch event is the opportunity of a lifetime: 7 continents in 7 days including skydives, distance runs, and even a snowball fight in Antarctica!Former Navy SEAL and Founder of two nonprofit organizations benefitting Veterans and First Responders, is originally from Detroit, Michigan. Birdman enlisted in the Navy after watching the Twin Towers collapse on 9/11 and served eight years as a U.S. Navy SEAL attached to SEAL Team SEVEN, completing three combat tours to Iraq before being assigned to Advanced Training Command as an Instructor.In 2005, while serving in Iraq, Birdman was riding atop a Humvee manning the gun turret in enemy territory, when his vehicle was hit by an improvised explosive device (IED), causing a detonation and throwing him from the Humvee. Birdman regained composure with his face and hands burned and witnessed his fellow team members suffer devastating burn and blast injuries. His entire team survived their injuries and went back to operating.In 2012, Birdman established Sons of the Flag to help Veteran and First Responder burn survivors and their families find the help and medical attention they truly deserve. He recognized that burn care treatments and advancements had not been evolving as other forms of injuries, so he made it his mission to do something about it!He is also the founder of the Birds Eye View Project, addressing the extreme needs of Veterans and First Responders through extreme sports.In the midst of running two nonprofit organization, Birdman also authored “Sons of the Flag: Real Accounts from the last 100 years of American Service”, a book dedicated to relaying a selection of real stories of American Heroes.Then, Birdman had a special calling because of a teammate and dear friend that he lost too soon. Now a sponsored athlete in the extreme sports arena, he has founded The Human Performance Project. This Human Performance Project will encompass taking a deeper dive into health and wellness giving our next generation a better understanding and roadmap on taking proper care of their bodies through physical, mental, emotional and spiritual guidance from world renowned experts in their fields.
NetWorth Radio’s Dallas Leadership Series: Spencer McGowan Interviews Officer Danny Canete & Officer Joe King with Assist The Officer Foundation!
Officer Danny Canete and Officer Joe King of Dallas’ Finest join us to detail their extraordinary leadership in supporting first responders and how the community can help today. Make a difference for your first responders. The Assist The Officer Foundation provides financial assistance to officers who are facing the loss of income due to a serious injury, life-threatening illness or other catastrophic event. Immediate assistance is also available to an officer’s family in the event of the death of an active officer.Since its creation in 1999, the foundation has provided assistance to hundreds of officers and their families who were faced with any number of different life-altering situations.In 2004, the ATO Foundation launched a first of its kind, confidential counseling service, exclusively for Dallas police officers. The stress of everyday life can take a toll on almost anyone – add to that, the danger and stress of being a police officer – and sometimes life can be overwhelming. Our counseling program was designed for police officers, by police officers and professionals working together.As resources allow, the Foundation will continue its growth by adding new programs to meet the needs of police officers in an ever-changing world.
What investment sectors could lead the financial markets in 2023?Why should investors consolidate with McGowanGroup Wealth Management? Alex, what are some of the dangers for investors in the equity markets for 2023?What is the definition of Upside Surprises?Are earnings expectations for companies too low right now?What is happening in the private equity space after the 2022 bear market and what does it indicate for the future in 2023?How does the current shift from growth to value investing impact different sectors of the financial markets? What are some of the most important lessons for investors over the last 30 years?Headline Round UpUpside Surprise: Nike Jumps 12% Beating Earnings Expectations.FedEx Disappoints, Announces Cost Cutting & Stock Rises 5%?Real GDPNow Says 2022 Q4 Growth +2.7% vs .2% Bloomberg Estimate?DoubleLine’s Jeffrey Gundlach Predicts U.S. Will Face a Possible Recession Mid 2023 and The Federal Reserve Will Be Forced to Lower Interest Rates by End of 2023.*Silicon Valley Start Ups Race for Debt Deals & Valuation Mark Downs in 2023.Profit ReportLogistics of consolidation with The McGowanGroup!Dow Jones Industrial Average (01/01/1986 – 12/22/2022)– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/31/2021 – 12/22/2022)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (12/22/2017 – 12/22/2022)– Courtesy of Bloomberg LP
C.B.O.E. 10 Year Treasury Note Yield Index (01/02/1986 – 12/22/2022)– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. (01/01/1992 – 12/22/2022)– Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 12/22/2022)– Courtesy of Bloomberg LP
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Ryan “Birdman” Parrott with The Human Performance Project
Birdman, by dedicating himself to serving veterans and supporting suicide prevention, launched The Human Performance Project. This concept was to take health and wellness to the next level of human performance. The launch event is the opportunity of a lifetime: 7 continents in 7 days including skydives, distance runs, and even a snowball fight in Antarctica!Former Navy SEAL and Founder of two nonprofit organizations benefitting Veterans and First Responders, is originally from Detroit, Michigan. Birdman enlisted in the Navy after watching the Twin Towers collapse on 9/11 and served eight years as a U.S. Navy SEAL attached to SEAL Team SEVEN, completing three combat tours to Iraq before being assigned to Advanced Training Command as an Instructor.In 2005, while serving in Iraq, Birdman was riding atop a Humvee manning the gun turret in enemy territory, when his vehicle was hit by an improvised explosive device (IED), causing a detonation and throwing him from the Humvee. Birdman regained composure with his face and hands burned and witnessed his fellow team members suffer devastating burn and blast injuries. His entire team survived their injuries and went back to operating.In 2012, Birdman established Sons of the Flag to help Veteran and First Responder burn survivors and their families find the help and medical attention they truly deserve. He recognized that burn care treatments and advancements had not been evolving as other forms of injuries, so he made it his mission to do something about it!He is also the founder of the Birds Eye View Project, addressing the extreme needs of Veterans and First Responders through extreme sports.In the midst of running two nonprofit organization, Birdman also authored “Sons of the Flag: Real Accounts from the last 100 years of American Service”, a book dedicated to relaying a selection of real stories of American Heroes.Then, Birdman had a special calling because of a teammate and dear friend that he lost too soon. Now a sponsored athlete in the extreme sports arena, he has founded The Human Performance Project. This Human Performance Project will encompass taking a deeper dive into health and wellness giving our next generation a better understanding and roadmap on taking proper care of their bodies through physical, mental, emotional and spiritual guidance from world renowned experts in their fields.NetWorth Radio’s Dallas Leadership Series: Spencer McGowan Interviews Officer Danny Canete & Officer Joe King with Assist The Officer Foundation!
Officer Danny Canete and Officer Joe King of Dallas’ Finest join us to detail their extraordinary leadership in supporting first responders and how the community can help today. Make a difference for your first responders. The Assist The Officer Foundation provides financial assistance to officers who are facing the loss of income due to a serious injury, life-threatening illness or other catastrophic event. Immediate assistance is also available to an officer’s family in the event of the death of an active officer.Since its creation in 1999, the foundation has provided assistance to hundreds of officers and their families who were faced with any number of different life-altering situations.In 2004, the ATO Foundation launched a first of its kind, confidential counseling service, exclusively for Dallas police officers. The stress of everyday life can take a toll on almost anyone – add to that, the danger and stress of being a police officer – and sometimes life can be overwhelming. Our counseling program was designed for police officers, by police officers and professionals working together.As resources allow, the Foundation will continue its growth by adding new programs to meet the needs of police officers in an ever-changing world.Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*Nuveen: 2023 Outlook from Global Investment Committee
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.Start the process of updating your investment plan today.
The Uptown Dallas MiracleUptown Dallas has become one of the envies of the nation. It’s a powerhouse district with regional and national headquarters, a thriving arts district, and a vibrant residential community centered on Turtle Creek.
The story of the Uptown Dallas Miracle starts in the late 1970s and reads a little like a modern melodrama with heroes, a smart woman, and even a villain. We can take some valuable financial lessons from the story of Uptown’s metamorphosis into what it is today.
A Smart Woman with an InheritanceCarolyn Rose Hunt and her brothers Bunker and Nelson inherited a fortune from their father, H.L. Hunt, when he passed away in 1974 at 85. His net worth was between two and three billion dollars.
The two brothers quickly lost about a billion dollars in the silver market, but Carolyn Rose Hunt bought and developed property. First, she bought a mansion and installed The Mansion on Turtle Creek in 1980, which is still an icon of fine dining today. The Mansion was the anchor for Uptown.
Carolyn founded Rosewood Hotels & Resorts in 1980 and purchased 20 acres, an erstwhile car lot, just south of The Mansion. At that time, there wasn’t much between downtown and Highland Park except the Woodall Rogers “canyon,” and there was still plenty of open land. She conceived of the first multi-use development in Uptown. Starting in 1982 and finishing in 1984, she built the five-star Crescent Court Hotel and multi-use development on the property.
In the beginning, the multi-use piece filled slowly, so Carolyn gave tenants one year free with a five-year lease. The complex became a de facto financial headquarters for North Texas as multiple financial services firms moved in.
The Arts District GrowsConstruction on Trammel Crow Center wound up in 1985, and the Crow family turned toward the building the downtown Dallas Arts District. The Dallas Museum of Art moved to its current location in the 1970s, with construction spanning a decade. The Morton H. Myerson Symphony Center opened its doors in 1989. The Crow Museum of Asian Art opened in 1998, and the Nasher Sculpture Center opened in 2003.
These arts organizations are just the beginning. The Dallas Arts District website lists many other performing and visual arts organizations in the area today, creating a vital arts-centered district.
Another HeroSo far, we have Carolyn Rose Hunt, Margaret Crow, and Trammel Crow as heroes in our story of the Uptown Miracle. Ron Kirk is another. Ron was the Mayor of Dallas at the time and had been Secretary of State under Anne Richards.
Ron felt it was time for a new sports arena. He teamed up with Ross Perot and Hillwood Development and conceived a plan to take some old grain silos and foreclosed properties and build an upgraded arena.
Enter…the VillainLaura Miller was a Dallas City Council Member at the time. As City Council was working on the vision for the American Airlines Center, Laura made multiple objections, and it ultimately required a bond election to build the arena, delaying the project by years.
American Airlines Center was conceived in the early 1990s and was ultimately completed in 2000, rehabilitating a formerly blighted area. It’s not far from the Crescent, and to this day, people come to dinner at the Mansion, then go to a game at the American Airlines Center.
More Uptown DevelopmentThe W Hotel and the W Condos were early entries in the uptown condo rage. Other condos in Turtle Creek struggled for the first few years because of the 2000 Tech Wreck. After the W went in, Uptown began to fill in between the American Airlines Center and the Crescent.
In Uptown Dallas, you can see I35 and the Trinity River from almost any office. The vision Ron Kirk, Hillwood, and others had was to attract the Dallas Cowboys and put them between the freeway and the Trinity River. The idea was to have the Stars and the Mavs on one side, go over a sky bridge, and the Dallas Cowboys would be there.
Our villain again enters to squash this vision, objecting to the city spending money on infrastructure. It was a grand vision, but it never came to fruition.
Bridging the CanyonThe next crucial addition to Uptown was Klyde Warren Park, completed in 2012, which created the sky bridge over Woodall Rogers Freeway that finally connected Uptown and Downtown Dallas. Billionaire Kelcy Warren donated $10 million to build the park and named it after his son, Klyde.
The 5.2-acre park, operated by the Woodall Rogers Park Foundation, is open to the public from 6 a.m. to 11 p.m. The park cemented the connection between Uptown and downtown Dallas.
The Uptown Miracle TodayUptown is now one of the top high-rise-living powerhouses in the country. Proximity to businesses close by enables many residents to walk to work. Goldman Sachs is locating a regional headquarters in Uptown to employ about 5,000 people, further affirming Uptown as a financial district. All of that began with Carolyn Rose Hunt.
The Smart Woman HeroWhen the McGowan Group moved to the Crescent in 2000, Carolyn was still there almost every day, building the Rosewood Hotel Chain, which has about 35 hotels worldwide. Carolyn sold the hotel corporation to a Hong Kong investor for about $250 million. The Crescent recently changed hands for over $500 million. Carolyn Rose Hunt passed away in 2018 at the age of 95.
The Uptown Dallas Miracle occurred because of the vision of Carolyn Rose Hunt. She is one investor that Texans can learn from in her fortitude, her creativity, and what she accomplished with her family and her community.
What does slowing growth in the equity markets mean for investors in 2023?Are there parallel scenarios for the financial markets’ reactions to anemic economic growth next year?Who are some of the companies currently reporting strong profits and forecasting growth in the new year?What did the Federal Reserve Chairman, Jerome Powell, fail to say this week after increasing interest rates that corresponded to a selloff in the equity markets?What are the actual Federal Reserve’s interest rate projections for 2023?What usually happens in January that could be important for investors in the financial markets?What are some of the reasons investors would consolidate with McGowanGroup Wealth Management?Headline Round UpBullish United Airlines Buys 100 of Boeing’s 787 Boeing Dreamliners!Good News: Delta Airlines Reports Strong Profits and Raises 2023 Forecasts.Inflation Turns to Disinflation? Federal Reserve Raises Rates Again and Releases Forward 2023 Forecasts. Texas Teacher’s Pension Benefits from Hedge Funds, But Still Lost Money.Petrobras Valuation Down $41 Billion in Months!Bridgewater’s Ray Dalio Retires and Is Now Part Owner of Triton Submarines!Short Sellers Made $50 Billion On FAANG Stocks and Others. Citadel’s Ken Griffin Sues IRS for “Willfully and Intentionally” Failing to Establish Adequate Safeguards to Protect His Confidential Tax Return Information.Musk Sells $3.6B More Tesla Shares, Stock Cheapest Valuation Ever, Hints at Moving Twitter to Texas. Grinchy EY: Accounting Giant Says No Christmas Bonus This Year!Biggest Medical Merger of the Year: Amgen, Inc. Buying Horizon Therapeutics PLC for $28B.Goldman Sachs to Cut Hundreds More Jobs.Energy Information Administration: Energy Dividends and Buybacks Hitting a Record. Jamie Dimon: Prepare for Oil and Gas Crisis to Get Much Worse in Europe as Fallout From Russia’s War in Ukraine. Higher French Nuclear Output Helps Meet Rising French Demand and Avoids Strain on Grid. FTX Customer Money Went to Political Donations on Both Sides of the Aisle!Where is Caroline Ellison, Ex-CEO of Alameda, Now?Standard & Poor’s 500 Index (12/31/2021 – 12/15/2022)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earning Estimates (12/15/2019 – 12/15/2022)– Courtesy of Bloomberg LP
C.B.O.E. Short Term Interest Rate Index, 10 Year Treasury Note Yield Index & 30 Year Treasury Bond Yield Index (12/31/2021 – 12/15/2022)– Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession. (Q1 2022 – Q2 2024)– Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 12/15/2022)– Courtesy of Bloomberg LP
Atlanta Federal Reserve’s Consumer Price Index 3 Month Annualized Rate & Excluding Shelter Annualized Rate (06/01/2021 – 11/30/2022)– Courtesy of Bloomberg LP
Profit ReportThe Grampa and Grandma 529!The Federal Reserve’s 2023 Meeting ScheduleLogistics of consolidation with The McGowanGroup!Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.*Nuveen: 2023 Outlook from Global Investment Committee
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What company stated that they planned to double profit and cash flow by 2027 even with forecasts of slowing economic growth?What does slowing growth indicate for the financial markets in 2023?Does a contraction in overall profits automatically lead to another correction in the equity markets?Why did Kevin O’Leary, “Mr. Wonderful” apologize this week?Why is news of a slowdown in the labor market potentially good news for the equity markets?What are some of the key reports coming up next week for investors?Headline Round UpExxon Mobil Boldly States They Could Double Cash Flow and Profit by 2027.Jamie Dimon Calls Crypto Tokens “Pet Rocks.”Kevin O’Leary Lost $15 Million in FTX. What other high profile investors were involved?Goldman Sachs CEO, David Solomon, “Blockchain is More Than Crypto.”Slowdown! U.S. Manufacturing Orders From China Down 40%. Housing Costs Easing. Inflation Could Drop to 2% by 2024.Trapped: Investors Flee Commercial Property Funds While Withdrawals Are Being Capped! Carvana Collapse Imminent? New Mexico’s Oil Production Surpassing Mexico’s Output! Deflation! Used Car Prices Extend Free Fall. Deflation in Online Pricing. SPAC Weeds Pulled. Does Cathie Wood lose again? Oil Prices and Energy Stock Prices Diverge. Why? What do current valuations look like?Southwest Airlines Reinstates Dividend! iBuyer’s Report Massive Housing Losses! Consumers Stretched? Campbell Soup Sales Spike 15%.Ken Griffin’s Citadel Up 32% This Year. How did he do that in this market?Vanguard Quits Major Investment-Industry Initiative on Climate Change Citing Need for Independence.Profit ReportLogistics of consolidation with The McGowanGroup! Standard & Poor’s 500 Index (12/31/2021 – 12/09/2022)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earning Estimates (12/09/2019 – 12/09/2022)– Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 12/09/2022)– Courtesy of Bloomberg LP
Manheim U.S. Used Vehicle Value Index, Seasonally Adjusted (12/31/2021 – 11/30/2022)– Courtesy of Bloomberg LP
Carvana Co. (12/31/2021 – 12/09/2022)– Courtesy of Bloomberg LP
Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.AllianceBernstein: 3 Themes for 2023!Guggenheim: Strong Credit Market, Attractive Spreads.
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Why did oil prices spike this week? What is the actual current inflation rate for the U.S.? Why did the DealBook Summit still allow FTX CEO Sam Bankman-Fried to speak after $8 Billion in crypto deposits disappeared? What areas of the equity markets have the potential to double next year? Where did investor’s resiliency come from this year regarding the ... Read More
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How does Hamlet’s quip “too much in the sun” apply to Investing? What are some examples of overinvested categories in the stock market and what happens to forward returns? What are some examples of underinvested categories in the stock market and what happens to forward returns? What did earnings just tell us about the Economy? Why have U.S. Treasury yields ... Read More
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What have we learned potentially from earnings season so far? What have the iconic blue-chip companies based in North Texas reported so far? What do the latest numbers from the housing market telling us? What are some tangible reasons to be positive about the current equity markets? What could happen on Wednesday July 27, 2022? Headline Round Up *AT&T ... Read More
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NetWorth Radio’s Charitable Leadership Series: Spencer McGowan Interviews Sherry Whidby, President & CEO of Sons of The Flag! As President & CEO, Sherry Whidby, is responsible for implementation and management of burn survivor and fellowship programs, donor relations, planning and event management, budget forecasting and oversight, and most importantly, direct interaction with burn survivors, focusing on their needs, and coordinating ... Read More
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NetWorth Radio’s Global Business & Scientific Leadership Series: Spencer McGowan Interviews Ryan “Birdman” Parrott with American Extreme! Former Navy SEAL and Founder of two nonprofit organizations benefitting Veterans and First Responders, is originally from Detroit, Michigan. Birdman enlisted in the Navy after watching the Twin Towers collapse on 9/11 and served eight years as a U.S. Navy SEAL attached to ... Read More
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NetWorth Radio’s Global Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston – Energy/Inflation Crisis? Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation). From 2011 to 2015, Brad led ... Read More
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What are the lessons and strategies detailed in Warren Buffett’s 2022 reports? What did he do in the first quarter? What is a possible trading pattern that has emerged as the Federal Reserve (Fed) tightens interest rates? Are there strategies for the rest of 2022 that can benefit investment portfolio performance? What are some of the key dates coming up ... Read More
Dr. W. Michael Cox serves as Executive in Residence at the Bridwell Institute for Economic Freedom at SMU. Cox directed the O’Neil Center for Global Markets and Freedom at SMU Cox from 2008-2015 and is formerly the Chief Economist and Senior Vice President of the Federal Reserve Bank of Dallas, where he served for 25 years advising the President on ... Read More
Which areas of the equity markets appeared to benefit from the inflation cycle? What categories in the financial markets have had large capital outflows? What sectors made 52 week lows this week? What dates can potentially lead to low points for the market? What situations could cause an equity rally? What possible scenarios may well cause a rally in discounted ... Read More
What areas of the equity markets are down so far this year? What sectors of the financial markets are up in 2022? How can higher inflation change a financial plan and allocation strategy? What are some reasonable portfolio solutions to inflation? Do the Federal Reserve’s inflation-fighting measures result in a recession? How can we get cash flow increases in our ... Read More
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Oh, What to Do? What are strong choices for Investment Allocations based upon prior and current inflation cycles? What Investment Allocation strategies were successful in the 1970’s? What can we learn from the most recent Tech Sector correction? Adobe, Inc. (ADBE), Meta Platforms, Inc. (FB), Zoom Video Communications, Inc. (ZM) and others? What is a gradual investment harvesting strategy? What ... Read More
Strategic Wealth Management Over the last 35 years, The McGowanGroup (MGAM) has evolved a planning process that includes Dynamic and Tactical allocations designed to exceed clear long-term objectives. More than just a Registered Investment Advisory team, our wealth management firm creates a holistic approach to our client’s financial health through an ongoing process that not only responds to market conditions, ... Read More
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C.B.O.E. 10 Year Treasury Note Yield Index & U.S. Consumer Price Index – Urban Consumers, Year over Year, Non-Seasonally Adjusted (03/17/2021 – 03/17/2022) – Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q2 2021 – Q3 2023) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Estimates (03/17/2021 – 03/17/2022 ) – Courtesy of Bloomberg LP
Dow Jones Industrial Average (03/17/2021 – 03/17/2022) – Courtesy of Bloomberg LP
Hang Seng Index (03/17/2021 – 03/17/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (03/17/2021 – 03/17/2022) – Courtesy of Bloomberg LP
Generic Crude Oil Contract Spot Price (03/17/2021 – 03/17/2022) – Courtesy of Bloomberg LP
U.S. Dollar Index Spot Price, Gold Spot Price per Oz., Generic Crude Oil Contract Spot Price (03/23/1997 – 03/17/2022) – Courtesy of Bloomberg LP
Profit Report Traditional 60/40 Low Cost Index Portfolios Down More than 10% in 2022? Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. PIMCO: Fed Begins Rate Hiking Cycle as Inflation Trumps Uncertainty Guggenheim: High Yield and Bank Loan Outlook in the Fed Hiking Cycle *Nuveen: Investing with Higher for Longer Oil Prices
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today.
All Hands on Deck? What are the opportunities presented by the Global Energy Crisis? What have we learned about the Clean Technology revolution? What have we learned about the future of traditional Oil and Gas? How did the equity markets respond in the last inflation crisis? What did this week’s trading tell us about institutional perspective on the escalation of the Russia-Ukraine war? What areas of the financial markets are performing well so far in 2022? How can we potentially capture advantages in the stock market during this inflation cycle? Headline Round Up Inflation Highest Since 1982! Which sectors drive inflation? 11.3 Million Jobs Available; A Record with Distance According to Chart. Russian Default Predicted. Pimco Amassed Billions in Exposure to Russia Debt. BlackRock Hedge Fund Records Loss on Russia. Goldman Sachs to Exit Russia. Environmental, Social & Governance Funds Had $8.3 Billion in . . . Russia? Ban of Russian Oil: Spike to $125 then $105. Keystone XL Cancellation Questioned by OilPrice.com. Russia Warns of $300 Oil? Russia Still Has $630 Billion in Reserves. No Capacity Globally to Replace Russia’s 7 Million Barrels Per Day? Oh! Canada Ready to Step Up! Record Gasoline Prices! Solar and Batteries Account for 60% of New Generation Additions. Commodity ETF’s Pull in $4.5 Million. Nickel Spikes as Chinese Tycoon Loses Billions Being Short! China Scrambles as Commodities Soar! *Some Tech Stocks Down 75%? U.S. Job Openings by Industry Total, Seasonally Adjusted (03/12/2017 – 01/31/2022) – Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (03/11/2021 – 03/11/2022) – Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (03/11/2021 – 03/11/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (03/11/2021 – 03/11/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Top 10 and Bottom 10 (03/11/2022) – Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non Seasonally Adjusted & Standard & Poor’s 500 Index – Cumulative Total Return (Gross Dividends) (12/30/1972 – 12/31/1987) – Courtesy of Bloomberg LP
Generic Crude Contract Spot Price (03/11/2002 – 03/11/2022) – Courtesy of Bloomberg LP
NetWorth Radio’s Powerful Texas Business Leadership – The Future of Energy! Spencer McGowan Interviews Saket Kumar, Co-CIO and Portfolio Manager at Cushing Asset Management!
Saket Kumar has worked in Investment Management and Investment Banking focused on the Energy and Industrials sector since 2007. Before joining Cushing Asset Management in his current role, he was an analyst at Citadel Investment Group in their long-short market neutral hedge fund strategy, an Investment Banker at Bear Stearns and a Marine Engineer at Anglo Eastern Ship Management. Mr. Kumar earned his MBA in Finance and Accounting from the Cox School of Business at Southern Methodist University and a Bachelors in Engineering from Marine Engineering and Research Institute in India. He joined Cushing in 2012. Spencer McGowan Interviews Brad Olson & Oliver Doolin from Recurrent Advisors in Houston
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation). From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine. Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston. Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston. Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy Specialist Oliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively. Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University. Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston. Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. Recurrent Advisors: Energy Transition and New Dawn for U.S. Shale? 5 Portfolio Construction Themes for 2022.
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NetWorth Radio’s Powerful Texas Business Leadership – The Future of Energy! Spencer McGowan Interviews Saket Kumar, Co-CIO and Portfolio Manager at Cushing Asset Management!
Saket Kumar has worked in Investment Management and Investment Banking focused on the Energy and Industrials sector since 2007. Before joining Cushing Asset Management in his current role, he was an analyst at Citadel Investment Group in their long-short market neutral hedge fund strategy, an Investment Banker at Bear Stearns and a Marine Engineer at Anglo Eastern Ship Management. Mr. Kumar earned his MBA in Finance and Accounting from the Cox School of Business at Southern Methodist University and a Bachelors in Engineering from Marine Engineering and Research Institute in India. He joined Cushing in 2012. Spencer McGowan Interviews Brad Olson & Oliver Doolin from Recurrent Advisors in Houston
Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation). From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine. Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston. Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston. Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.
Client Portfolio Manager / Energy Specialist Oliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies. Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively. Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University. Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston. The post NetWorth Radio’s Powerful Texas Business Leadership: The Future of Energy! – Spencer McGowan Interviews Saket Kumar, Brad Olsen & Oliver Doolin appeared first on .
NetWorth Radio’s Powerful Texas Global Leadership Series: Spencer McGowan Interviews Oksana and Adam Bartkoski!
Amazing North Texas mobilization to provide direct humanitarian aid for Ukraine kicked into high gear! Oksana and Adam Bartkoski, a Ukrainian and Polish couple, detail their amazing devotion and provide resources below to contribute to the effort! UKRAINIAN CULTURAL CLUB OF DALLAS Other areas for donations the Bartoskis have found to be very helpful include: Humanitarian efforts in Ukraine: Razom for Ukraine Ukrainian American Coordinating Council (Option to use donation for helmets/armory vests) Direct support to Ukrainian military: National Bank of Ukraine (switch to English translation; also includes direct wire instructions) The post NetWorth Radio’s Powerful Texas Global Leadership Series: Spencer McGowan Interviews Oksana and Adam Bartkoski! appeared first on .
What are some the financial market impacts of the tragic siege in Ukraine? What do we know so far about sanctions and future implications for the Global Economy? What has happened to the equity markets in Russia so far? What is the impact on the energy crisis? How have the commodity markets reacted so far? What is really going on inside Ukraine? How can we help the Ukrainian people? How should Investment Portfolios be updated? Headline Round Up Russia Decimates Ukraine But Fails to Seize Control of Ukraine. Putin’s latest speech admits initial casualties but claims it is according to his plan? The Free World Unites with Ukraine Against Russia! Sanctions from the European Union, U.S., and even Switzerland? Finland Drifts Toward NATO Membership? Russian Capital Markets Collapse. Multiple Rumors of Martial Law Declaration Inside Russia. Commodities Skyrocket! Oil, Natural Gas, Wheat, Aluminum and Lithium. Profit Report Portfolio Strategy Updates! NetWorth Radio’s Powerful Texas Global Leadership Series: Spencer McGowan Interviews Oksana and Adam Bartkoski!
Amazing North Texas mobilization to provide direct humanitarian aid for Ukraine kicked into high gear! Oksana and Adam Bartkoski, a Ukrainian and Polish couple, detail their amazing devotion and provide resources below to contribute to the effort! UKRAINIAN CULTURAL CLUB OF DALLAS Other areas for donations the Bartoskis have found to be very helpful include: Humanitarian efforts in Ukraine: Razom for Ukraine Ukrainian American Coordinating Council (Option to use donation for helmets/armory vests) Direct support to Ukrainian military: National Bank of Ukraine – (switch to English translation; also includes direct wire instructions) Dow Jones Industrial Average Index (12/31/2021 – 03/04/2022) – Courtesy of Bloomberg LP
VanEck Russia ETF (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
Generic Wheat Futures Contract Spot Price (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
C.B.O.E. Short Term Interest Rate Index (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
C.B.O.E. 10 Year Treasury Note Yield Index (03/04/2021 – 03/04/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (Cumulative Total Return Gross of Dividends) and U.S. Consumer Price Index – Urban Consumers Year over Year, Non Seasonally Adjusted (12/30/1977 – 12/31/1987) – Courtesy of Bloomberg LP
Real GDP – Purchasing Power Parity gdp for world 3.2.22 – CIA Factbook
Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. *Recurrent Advisors: Energy Transition and New Dawn for U.S. Shale?
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post Consequences appeared first on .
What were the financial market impacts this week? Where did Major money flows go? What are the financial impacts of the Ukraine invasion for investors? How large is the Ukrainian economy? What are the impacts on global energy markets? What are the economic impacts of the invasion combined with potential responses? What are the possible market outcomes for 2022? What strategies are The McGowanGroup employing now? Who deserves credit for the “Frisco Miracle.” Headline Round Up Russia Shocks the World with a Full-Scale Invasion! German Chancellor Declares Nord Stream 2 Certification Will Not Take Place. Oil Spikes to Over $100! European NatGas Spikes 28%. Panic Across Commodity Markets. Russian Stocks and Bonds Lose More Than ½ Their Value. Washington Freezes Russian Assets. Stratfor: Russian Invasion Will Cause Sanctions, Not Intervention. Houston Port Reaches New High in Traffic. Los Angeles Launches Massive Hydrogen Network. BlackRock Blinks: Sent a Letter to Texas Confirming Support for Oil and Gas. Record Labor Market Even Tighter by Alternative Measures. Using Energy ETF’s as a Hedge? Rio Tinto to Payout $7.7 Billion Dividend. Is Commercial Real Estate an Inflation Hedge? Record Dallas Home Price Growth: 26% in One Year! *US and Qatar Poised to Provide LNG to Europe. Dow Jones Industrial Average Index (12/31/2021 – 02/25/2022) – Courtesy of Bloomberg LP
VanEck Russia ETF (12/31/2021 – 02/25/2022) – Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (12/31/2021 – 02/25/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 02/25/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Top 10 and Bottom 10 3 Month Total Return (2/25/2022) – Courtesy of Bloomberg LP
Quarterly U.S. Economic Forecasts with Probability of Recession (Q1 2021 – Q2 2023) – Courtesy of Bloomberg LP
Generic Crude Oil Future Spot Price (12/31/2021 – 02/25/2022) – Courtesy of Bloomberg LP
Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. AllianceBernstein: Inflation Wave Adds to Recovery of Value Recurrent Advisors: Energy Transition and New Dawn for U.S. Shale? *5 Portfolio Construction Themes for 2022.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post The World Shocked! appeared first on .
“Toto, I’ve a Feeling We are Not in Kansas Anymore.” – Dorothy in The Wizard of Oz, 1939 What are the possible outcomes of the Ukrainian standoff? What are the financial market impacts of the Federal Reserve tightening plan combined with the Ukrainian standoff? What sectors of the equity markets did speculation appear to drive overvaluations for most of 2021? How has the sobering effect on speculative trading affected different parts of the stock market? What areas of the financial markets have performed the best in the last 3 months? Which Texas company stocks have performed the best and which companies are lagging the most in 2022? What types of reasonably conservative fixed income allocations appear attractive right now? What should I do for legacy planning in 2022? Headline Round Up Dow Falls Back to April 2021 Level? Nasdaq 100 QQQ’s Fall 13% So Far in 2022. Treasury Bills Spike Over 1/3%! Ukraine Headlines Shock Investors! Oil Topped $95 Before Pullback Below $92. World Oil Tops $100 Per Barrel. California Gasoline Hits All Time High! President Biden Discusses Gasoline Tax Cut? Europe’s Energy Crisis Pays Off for U.S. Natural Gas Sellers! Chip Shortage: 82% of Consumers Pay Above Sticker Price for New Cars! Americans Ready to Travel! Rewarding Investors! BHP Group Ltd. to Return Cash Flow to Investors as Commodity Prices Soar. Bitcoin Miner Sucks Up Excess Bakken Natural Gas. Average Mortgage Purchase Price Now $453,000 vs. Average Household Income $88,000? What could go wrong? Texas Survives Cold Snap Without Disruption. Crypto Lender to Pay $100 Million in Penalties! Courage: Elon Musk Accuses SEC of Harassment Campaign. Dow Jones Industrial Average Index (02/18/2021 – 02/18/2022) – Courtesy of Bloomberg LP
NASDAQ Composite Index (02/18/2021 – 02/18/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (02/18/2021 – 02/18/2022) – Courtesy of Bloomberg LP
Marathon Digital Holdings, Inc. (02/29/2012 – 02/17/2022) – Courtesy of Bloomberg LP
ARK Innovation ETF (02/18/2021 – 02/18/2022) – Courtesy of Bloomberg LP
ProShares Bitcoin Strategy ETF (10/19/2021 – 02/18/2022) – Courtesy of Bloomberg LP
West Texas Intermediate Crude Contract Spot Price (02/18/2021 – 02/18/2022) – Courtesy of Bloomberg LP
Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. Recurrent Advisors: Energy Transition and New Dawn for U.S. Shale? 5 Portfolio Construction Themes for 2022.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post “Toto, I’ve a Feeling We are Not in Kansas Anymore” appeared first on .
Retirement planning can be complicated. Starting early is the best way to ensure your retirement is exactly what you dreamed it could be. That’s actually one of the first steps of retirement planning. What do you want your retirement to look like? Your savings and investment strategies will all stem from those goals. The most effective method of ensuring you’re on the right path is by working with a financial advisor to set those goals. The experienced advisors at the McGowanGroup can help you set goals for your specific situation and make sure you understand all your investment options. But what do you need to know in order to plan for retirement? Here are some important questions to ask yourself.
Questions to Ask Where do I want to live? Housing prices vary depending on a variety of factors, including type of housing and location. Do you want to retire in your hometown—or perhaps move somewhere less (or more) expensive? Buy or rent? Make sure you’re factoring in costs of maintenance and utilities.
How do I want to live? What do you want your day-to-day to look like in retirement? Include food, clothing, and other basic expenses, but think beyond the everyday. Are you an avid theatre buff who dreams of spending your retirement with season tickets to all the best theatres in town? Or a sports fan who plans on spending their retirement with the best seats for every big game? What about travel? Are you the RV type or do you prefer cruises? Do you dream of spending the summer abroad every year or just a few weeks at your favorite US resort?
What about healthcare? According to the Fidelity Retiree Health Care Cost Estimate, “an average retired couple age 65 in 2021 may need approximately $300,000 saved (after tax) to cover health care expenses in retirement.
What do I want to leave to my kids? While estate planning is not the same thing as retirement planning, those goals should be incorporated into your retirement goals.
You may not know all the answers yet…or how to budget for any of that while accounting for unknown inflation. There are many different suggestions and calculations out there on how much money you need to retire comfortably. Typically, it falls somewhere in the 70-80% of your pre-retirement income per year. Trying to come up with the exact number is an art, not a science, but ensuring you understand all your retirement savings options is the next big step to retirement planning.
FAQs At what age should you start a 401(k) or retirement account?
The easy answer is: as soon as you can. If you can open a 401(k) or retirement account in your 20s, that’s ideal. But, as soon as you have a full-time job, start your 401(k)—particularly if your company matches some or all of your contribution! Starting early means you can contribute smaller percentages of your income in later years to reach the same retirement goal—and allow you a greater retirement nest egg if you can increase that investment (or keep it the same). While it’s never too late to start contributing, the later you start, the more you need to contribute to meet your goals.
What is the average retirement income?
According to the United States Census Bureau data, the median retirement income is $47,357 and the mean is $73,288. While the mean is technically the “average” retirement income—the total of all retirement incomes divided by the total number of retirees, the median is probably closer to what the average retirement income actually is since extremely high retirement incomes for a small number of retirees tends to skew the mean.
What are the most common types of accounts for retirement planning?
Some of the most common accounts used for saving for retirement are 401(k), IRA, and a Roth IRA. But there are many other options available depending on your employment and circumstances, for instance, if you work for a non-profit or otherwise tax-exempt organization, you may have the option for a 403(b), which is similar to a 401(k). If you work for a company with fewer than 100 employees, you can qualify for a Savings Incentive Match Plan for Employees (SIMPLE) IRA. Other common sources of retirement dollars can come from annuities, real estate, pensions, Social Security, and municipal bonds. Our Dallas/Fort Worth-based financial experts at McGowanGroup can help you determine which types of accounts you qualify for and may be the best choice for your retirement planning needs and ensure you have a holistic plan for your golden years.
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What does this week’s spike in Interest Rates tell us about the rest of 2022? Is the Housing Market near a peak? What investment portfolio allocations can benefit from Inflation? Why did Texas banks spike in price over the past 2 weeks? What are the NetWorth Radio’s Bozo Awards and Sir John Templeton Awards? What lessons can we learn from Facebook, Zoom, and Peloton? Which sectors of the market are reporting the most impressive results at this time? What are some of the key logistics and steps for a great Estate Plan? What are “Tail Risks?” Headline Round Up Big Tech Losing Its Luster! Peter Thiel, PayPal Entrepreneur, Leaves Facebook Board. FACEPLANT Continues! Peloton’s Downhill Race! PayPal is the Latest 24% One Day Drop. What’s Next for GameStop? Big Interest Rate Spike? What can the charts show us? Goldman Sachs Sees Commodity Shortages? Microchip Shortage Impacting 8 Ford Factories. Energy Funds Lead the Market So Far in 2022. British Petroleum (BP) Results Explode. Are the analysts too pessimistic? Liquified Natural Gas (LNG) Can Replace Ukraine Gas Flows to Europe. BHP Group, LTD. Unveils First LNG Powered Ore Carrier with 30% Emissions Cut. *Aluminum Hits Highest Level Since 2008. Dow Jones Industrial Average Index (02/10/2017 – 02/09/2022) – Courtesy of Bloomberg LP
C.B.O.E. Short Term Interest Rate, 10 Year Treasury Note Yield and 30 Year Treasury Bond Indexes (12/31/2021 – 02/09/2022) – Courtesy of Bloomberg LP
Quarterly Standard & Poor’s 500 Index – Earnings Analysis by Sector with Projected Trends (11/16/2021 – 02/15/2022) – Courtesy of Bloomberg LP
Meta Platforms, Inc. (02/11/2019 – 02/09/2022) – Courtesy of Bloomberg LP
Zoom Video Communications, Inc. (04/17/2019 – 02/09/2022) – Courtesy of Bloomberg LP
Peloton Interactive, Inc. (09/25/2019 – 02/09/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (12/31/2021 – 02/09/2022) – Courtesy of Bloomberg LP
West Texas Intermediate Crude Contract Spot Price (02/10/2017 – 02/09/2022) – Courtesy of Bloomberg LP
Profit Report What Insights Does a Local, Experienced Hedge Fund manager have for us about the current Equity Markets? Key Examples of Estate Plan Progress * Beneficiaries? * Trustees and Executors? * Will or Living Trust? * SLAT – Spousal Lifetime Access Trust? * Advanced Trust Types? * Family Limited Partnerships? * Logistics to remember? * Charitable Giving examples?
The McGowanGroup Wealth Management Process! The Dangerous Precedent of Government Price Controls and the Irony of Created Shortages. The Future of Tax Planning! NetWorth Radio’s Powerful North Texas Business Leadership Series: Spencer McGowan Interviews Susan S. Bryant, CPA, CTC And Principal at The MB Group, LLC!
Susan began her career as an internal auditor with Bank One Corporation, now JPMorgan Chase, where she performed operational, financial, regulatory compliance and information technology audits. As an auditor and audit supervisor, she performed in-depth risk analyses, developed strategies to evaluate procedural and systematic controls and recommended cost-effective and creative solutions to senior management. In early 2002, Susan received her CPA test results (all four parts passed on the first try) and decided to start her career in public accounting with a local accounting firm in Denton, Texas. Susan worked in all aspects of serving the firm’s business and high-net worth clients. Susan was also in charge of the firm’s marketing and revolutionized the firm’s internal processes by automating LIFO inventory valuation and financial statement preparation procedures. Susan joined a Top-25 DFW public accounting firm in mid-2004 as a Financial Services Senior where she designed, supervised, and assisted in performing audit, review and compilation engagements. A couple of years later, Susan became a Manager for Tad Accounting, Inc. where she served in a Controller/CFO capacity for her business clients. It was in this role that Susan became inspired to leverage her cumulative accounting knowledge and tax experience to help business owners to streamline accounting processes, professionalize their accounting presence, implement discipline in financial reporting, and develop tax strategies that fit with the client’s goals. In April 2006, Susan joined The MB Group, LLC to lead the Accounting Services team and to deliver comprehensive accounting solutions to growing businesses. For the past 15 years, Susan has served her clients in a variety of capacities with her favorite roles being the architect of accounting processes, M&A advisor, and tax strategist. Susan’s passion is transforming the lives of business owners by bringing order to the finance function and alleviating stress around taxes through proper and timely planning. EDUCATION, LICENSES & ASSOCIATIONS: Susan attended The University of Texas at Austin where she graduated with a BBA in Marketing in 1999. Susan is a Certified Public Accountant in Texas and is active in professional organizations such as the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the American Institute of Certified Tax Planners. Susan is also an active Vistage and ProVisors member. Susan currently serves as the Treasurer of the Board for Harmony Community Development Corporation, a non-profit focused on strengthening families and revitalizing neighborhoods through community-driven and solution-oriented approaches. You may also see Susan out and about helping on committees for the Women’s Business Council – Southwest, volunteering at her daughters’ school as an accounting/business instructor or serving the Small Business Administration as a subject matter expert in their Emerging Leaders Program. Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. Nuveen: Inflation Preparing Income Portfolios. 5 Portfolio Construction Themes for 2022.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post Where Do We Go from Here? appeared first on .
Working with a Registered Investment Advisor (RIA) firm gives you the best opportunity to effectively develop your investment strategy and manage your assets. But not all investment advisors are RIAs—and it does make a difference. McGowenGroup is a Dallas/Fort Worth-based RIA firm with dedicated advisors ready to create a customized strategy to meet all your financial goals. But what is an RIA and is there really a difference between a financial advisor and an RIA? Read on for answers to those questions and more!
What is an RIA? First off, RIAs are registered with the Securities and Exchange Commission (SEC)
RIA Benefits Choosing a financial services firm to manage your assets and reach your financial and retirement goals is a high-stakes decision. Ensuring your firm is an RIA investment firm is guaranteeing that the people handling your assets have your best interest at heart.
- Fiduciary responsibility. RIAs have a legal obligation of fiduciary responsibility to their clients. What does that mean? It means that they are required to act entirely on the behalf of their clients. While other financial advisors may give advice based partially on the commission they may receive from selling particular financial products or are under pressure from their employer, shareholders, or other entities to make particular investment recommendations, an RIA acts without bias, making decisions and giving advice with only one priority—your financial well-being.
- Transparency. RIAs are required to maintain public business records and you can search their registration forms through the SEC. You can even see if they have been subject to any disciplinary actions.
McGowan Group is a Dallas/Fort Worth-based RIA whose advisors offer personalized service to our clients—ensuring we go above and beyond our fiduciary responsibility obligations.
FAQs What is the difference between an RIA and a financial advisor?A Registered Investment Advisor (RIA) is registered with the Securities and Exchange Commission (SEC) which give them a legal obligation to act solely in the best interests of their clients. Other financial advisors have no such legal obligation towards their clients, meaning their advice may be biased. Non-registered financial advisors act within a “suitability standard” that requires their advice to be appropriate to their client’s circumstances but allows them the flexibility to make a recommendation that benefits the advisor (perhaps a larger commission) over a recommendation that may be better for the client as long as the recommendation is suitable for the client’s circumstances.
Is an IAR the same as an RIA?An Investment Advisor Representative (IAR) is an individual who provides investment advice whereas a Registered Investment Advisor (RIA) is a legal entity registered with the SEC. The staff of an RIA will include IARs.
What about a “broker-dealer”? What’s the difference between an RIA and broker-dealer?Technically, a broker-dealer is an entity that buys and sells securities, like stocks, bods, or mutual funds. Many broker-deals are also investment advisors—for instance, they offer their clients recommendations and advice on what stocks to buy and sell as well as carrying out the trades themselves. Broker-dealers are also held only to a suitability standard instead of the fiduciary duty standard that RIAs are held to.
Do I need an RIA?If you’re looking for a firm that will always have your best financial interests in mind, unconditionally, under all circumstances, an RIA is your best bet. While many terms and acronyms are thrown around interchangeably, the distinctions do matter, and using an RIA to manage your wealth is the only option that gives you the peace of mind that they are legally bound to always put your best interests first.
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NetWorth Radio’s Powerful North Texas Business Leadership Series: Spencer McGowan Interviews Susan S. Bryant, CPA, CTC And Principal at The MB Group, LLC!
Susan began her career as an internal auditor with Bank One Corporation, now JPMorgan Chase, where she performed operational, financial, regulatory compliance and information technology audits. As an auditor and audit supervisor, she performed in-depth risk analyses, developed strategies to evaluate procedural and systematic controls and recommended cost-effective and creative solutions to senior management. In early 2002, Susan received her CPA test results (all four parts passed on the first try) and decided to start her career in public accounting with a local accounting firm in Denton, Texas. Susan worked in all aspects of serving the firm’s business and high-net worth clients. Susan was also in charge of the firm’s marketing and revolutionized the firm’s internal processes by automating LIFO inventory valuation and financial statement preparation procedures. Susan joined a Top-25 DFW public accounting firm in mid-2004 as a Financial Services Senior where she designed, supervised, and assisted in performing audit, review and compilation engagements. A couple of years later, Susan became a Manager for Tad Accounting, Inc. where she served in a Controller/CFO capacity for her business clients. It was in this role that Susan became inspired to leverage her cumulative accounting knowledge and tax experience to help business owners to streamline accounting processes, professionalize their accounting presence, implement discipline in financial reporting, and develop tax strategies that fit with the client’s goals. In April 2006, Susan joined The MB Group, LLC to lead the Accounting Services team and to deliver comprehensive accounting solutions to growing businesses. For the past 15 years, Susan has served her clients in a variety of capacities with her favorite roles being the architect of accounting processes, M&A advisor, and tax strategist. Susan’s passion is transforming the lives of business owners by bringing order to the finance function and alleviating stress around taxes through proper and timely planning. EDUCATION, LICENSES & ASSOCIATIONS: Susan attended The University of Texas at Austin where she graduated with a BBA in Marketing in 1999. Susan is a Certified Public Accountant in Texas and is active in professional organizations such as the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the American Institute of Certified Tax Planners. Susan is also an active Vistage and ProVisors member. Susan currently serves as the Treasurer of the Board for Harmony Community Development Corporation, a non-profit focused on strengthening families and revitalizing neighborhoods through community-driven and solution-oriented approaches. You may also see Susan out and about helping on committees for the Women’s Business Council – Southwest, volunteering at her daughters’ school as an accounting/business instructor or serving the Small Business Administration as a subject matter expert in their Emerging Leaders Program. The post NetWorth Radio’s North Texas Business Leadership Series: Spencer McGowan Interviews Susan S. Bryant appeared first on .
What do this week’s money flows in the Equity Markets teach us about investment research? Periods of Multiple Expansion vs. periods of Multiple Contraction? What does 1981 have to do with valuation comparisons in the current Financial markets? What were some big investing mistakes in 2021? What market lessons apply to 2022? How do we estimate Forward Returns? How can we address mistakes in your investment portfolio? Where can I find great investment research? How are leading CPA’s evolving the Tax Planning process? Headline Round Up FACEPLANT! Facebook Drops 25% of its Value in a Single Morning? FAANGs Got Bit from Behind. Tech Selling Accelerates. Snap Snapped to a 46% 2022 Decline. What was that about multiple contraction Alex? Startups Slash Valuations! Natural Gas Spikes! Wait, What? Senators Want to Put Brakes on Liquified Natural Gas (LNG) Exports? Oil Tops $90 per Barrel. Exxon and Chevron Report “Gushers of Cash!” GM Loves to Spend Billions! Merck Reports Amazing Results. AT&T Disappoints Again Slashing Dividend. 500% Rally in Lithium? Do Electric Vehicle (EV) makers need depression therapy? Energy Transfer Increases Dividend! The Dark Truth About America’s Agricultural System. Biden Antitrust Dooms Chicken Merger. Did Jobs Contract in January? Will the Federal Reserve slow the tightening of monetary policy? Bill Ackman Back! Hedge Fund Transformations? Goldman Sachs CEO Gets Paid $35 Million. Europe Shutting Off Nuclear Power at End of 2022?? Virtual Real Estate, Metaverse, Sales Top $500 Million and Expected to Double? What could go wrong? Dow Jones Industrial Average Index (12/31/2021 – 02/03/2022) – Courtesy of Refinitiv Datastream
NASDAQ Composite Index (12/31/2021 – 02/03/2022) – Courtesy of Refinitiv Datastream
Meta Platforms A (12/31/2021 – 02/03/2022) – Courtesy of Refinitiv Datastream
Global X MLP ETF (12/31/2021 – 02/03/2022) – Courtesy of Refinitiv Datastream
Standard & Poor’s 500 Index Top 10 and Bottom 10 Year to Date (02/03/2022) – Courtesy of Refinitiv Datastream
The Future of Tax Planning! NetWorth Radio’s Powerful North Texas Business Leadership Series: Spencer McGowan Interviews Susan S. Bryant, CPA, CTC And Principal at The MB Group, LLC!
Susan began her career as an internal auditor with Bank One Corporation, now JPMorgan Chase, where she performed operational, financial, regulatory compliance and information technology audits. As an auditor and audit supervisor, she performed in-depth risk analyses, developed strategies to evaluate procedural and systematic controls and recommended cost-effective and creative solutions to senior management. In early 2002, Susan received her CPA test results (all four parts passed on the first try) and decided to start her career in public accounting with a local accounting firm in Denton, Texas. Susan worked in all aspects of serving the firm’s business and high-net worth clients. Susan was also in charge of the firm’s marketing and revolutionized the firm’s internal processes by automating LIFO inventory valuation and financial statement preparation procedures. Susan joined a Top-25 DFW public accounting firm in mid-2004 as a Financial Services Senior where she designed, supervised, and assisted in performing audit, review and compilation engagements. A couple of years later, Susan became a Manager for Tad Accounting, Inc. where she served in a Controller/CFO capacity for her business clients. It was in this role that Susan became inspired to leverage her cumulative accounting knowledge and tax experience to help business owners to streamline accounting processes, professionalize their accounting presence, implement discipline in financial reporting, and develop tax strategies that fit with the client’s goals. In April 2006, Susan joined The MB Group, LLC to lead the Accounting Services team and to deliver comprehensive accounting solutions to growing businesses. For the past 15 years, Susan has served her clients in a variety of capacities with her favorite roles being the architect of accounting processes, M&A advisor, and tax strategist. Susan’s passion is transforming the lives of business owners by bringing order to the finance function and alleviating stress around taxes through proper and timely planning. EDUCATION, LICENSES & ASSOCIATIONS: Susan attended The University of Texas at Austin where she graduated with a BBA in Marketing in 1999. Susan is a Certified Public Accountant in Texas and is active in professional organizations such as the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the American Institute of Certified Tax Planners. Susan is also an active Vistage and ProVisors member. Susan currently serves as the Treasurer of the Board for Harmony Community Development Corporation, a non-profit focused on strengthening families and revitalizing neighborhoods through community-driven and solution-oriented approaches. You may also see Susan out and about helping on committees for the Women’s Business Council – Southwest, volunteering at her daughters’ school as an accounting/business instructor or serving the Small Business Administration as a subject matter expert in their Emerging Leaders Program. Profit Report * The McGowanGroup Wealth Management Process! * The Dangerous Precedent of Government Price Controls and the Irony of Created Shortages.
Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. Nuveen: Inflation Preparing Income Portfolios. AllianceBernstein: Monetary Policy Impact on Equity Markets. 5 Portfolio Construction Themes for 2022. Climate Change Commodity Dimension?
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post Valuation Research! appeared first on .
What did this week’s quick equity market correction teach us about 2022-2025? What news corresponded to the market’s bounce back? What Sectors are providing leading gains, in the stock market, in 2022? What got PappaDean all spun up? Why did Oil hit $88? What Sectors in the financial markets are down the most in 2022? How should I advance my Estate Planning and Tax Planning? How does the McGowanGroup provide motivation that supports client success? Headline Round Up Fort Worth Infrastructure Boom! North Texas Commercial Multi-family Construction Surges 45%! Record Billions Worth of Mergers and Acquisitions in North Texas! Texas and Arizona Record Employment! North Texas Home Prices Up 25%. Texas Leads U-Haul Growth Index. Crypto Implosion Over 50% from November Highs? What can the chart tell us? Unprofitable Companies Smacked! Netflix Price Hits 22 Month Low. Deutsche Bank Surprised? Energy Gains Trouncing Clean Tech/Environmental, Social, and Governance (ESG) Allocations. Economic Growth Positive Surprise for Q4 GDP +6.9%! Fed Lift Off! How high will Interest Rates go and what would surprise the Financial markets? Grumpy Ole Jeremy Grantham Channels Malthus? Oil Tops $88 Per Barrel with Predictions for $100 Oil this Summer? International Energy Agency (IEA) “Loses” 200 Million Barrels of Oil? Cash Rich Energy Transfer Set to Announce Record Annual Profit and Increase Payouts to Shareholders. OPEC Falls Short on Production. Clean Hydrogen Updates. Nickel Squeeze! Trevor Rees-Jones Nails it Again! Dow Jones Industrial Average Index (12/31/2021 – 01/27/2022) – Courtesy of Bloomberg LP
NASDAQ Composite Index (12/31/2021 – 01/27/2022) – Courtesy of Bloomberg LP
Bitcoin Currency Spot Price (01/28/2019 – 01/28/2022) – Courtesy of Bloomberg LP
Quarterly Standard & Poor’s 500 Index – Earnings Analysis by Sector with Projected Trends (11/16/2021 – 02/15/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Cumulative Total Return by Sector (12/31/2021 – 01/28/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Top 10 and Bottom 10 Year to Date (01/28/2022) – Courtesy of Refinitiv Datastream
Profit Report * The McGowanGroup Wealth Management Process! * The Dangerous Precedent of Government Price Controls and the Irony of Created Shortages.
Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. *AllianceBernstein: Monetary Policy Impact on Equity Markets.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post Is Springtime Coming? appeared first on .
What is the Mastermind Principle and how does it apply to Investing? What is the Research and Allocation process at The McGowanGroup? How has the average investor really performed according to Dalbar? What would “multiple contraction” cause as the Federal Reserve changes it’s posture on Interest Rates? What did investors do during the meltdown of 2020? How does advanced Estate Planning enhance a family legacy for generations? What does the meltdown of a Texas dynasty teach us about Estate Planning? What should I do for my legacy in 2022? Headline Round Up China’s Omicron Freak Out! Locked Down Ports and Mother of all Supply Chain Shocks? Profits Ebb for Large American Banks? Is the Financial Sector rally over? Steep Slope for a Ski Empire! Worker Shortages and Robust Customer Demand. Stealth Correction? The Number of Stocks at 52 Week Lows Highest Since Pandemic Sell Off. World’s Largest Oil Trader: Prices Set to Rise Further! Guggenheim Likes 2 Solar Stocks, But Are They Bargains? Dow Jones Industrial Average Index (01/31/1997 – 01/18/2022) – Courtesy of Bloomberg LP
U.S. Generic Government 10 Year Index & U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (01/31/1972 – 01/18/2022) – Courtesy of Bloomberg LP
West Texas Intermediate Crude Contract Spot Price (01/19/2017 – 01/18/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Top 10 and Bottom 10 Year to Date (01/18/2022) – Courtesy of Refinitiv Datastream
Profit Report The McGowanGroup Wealth Management Process! Lessons from Dalbar! A Texas Dynasty Turmoil as Heirs Squabble Publicly! The Dangerous Precedent of Government Price Controls and the Irony of Created Shortages. Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. AllianceBernstein: Global Macro Outlook 2022. J.P.Morgan Investment Outlook 2022. *PIMCO: Investing in a Fast-Moving Cycle.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post What is Wealth Management? appeared first on .
2022 is officially here and between scheduling new goals your business will go after this year to deciding if you’ll take the kids on vacation sometime soon, it can be tempting to put off making updates on your long-term investment plan. This year, resolve to have all your financial puzzle pieces locked into a big picture.
We believe that great questions are the basis for great answers—let’s dig into 7 smart strategies for upgrading your investment plan!
Tip 1—Cash Flow Why is portfolio cash flow important in the long term? Retirement means big changes in your overall finances and requires a mindset shift from spending most of your life focused on saving to generating income from that savings. Keeping a close eye on cash flow provides a framework for allocations and expense planning and helps you make smart decisions for retirement. For many retirees, the ideal ratio is reinvestment of 20% of portfolio cash flow. Your financial advisor can help you set targets to keep generating income from what you’ve worked so hard to save.
Tip 2—Tactical Safety Allocation What is a “tactical safety” allocation, and how can it benefit me? Strategic Asset Allocation (SAA) keeps your allocations the same with some rebalancing, whereas Tactical Safety Allocation (TAA) allows for more shifting of allocations to respond to changing scenarios. This can be an overall shift from your SAA to increase/decrease percentages of your target weights, or within your asset classes (e.g., changing the percentage of long-cap v. small-cap holdings). Goldman Sachs recently cut its projection for US economic growth in 2022 from 4.2% to 3.8%, with Q4/Q4 growth down to 2.9% from 3.3%. With slowing growth through 2022, TAAs allow for reactions to future corrections.
Tip 3—Allocation Planning Why should high-yield global lending be a permanent allocation? Well-managed portfolios of loans and high-yield bonds provide opportunities for increased income and gain potential. Both are aggressive investments, and careful allocation planning builds in rebalancing.
Tip 4—Preparing for Market Corrections How do I prepare for market corrections? Market corrections are inevitable—and downturns are temporary. Diversification is key to making it through a market correction. Remember, your investment plan is long-term, and markets do recover (the average fall lasts about 4 months). Working with your financial advisors to create that big picture of short- and long-term goals and a smart allocation strategy will provide the best protection for a market correction and help you avoid drastic reactions to a downturn.
Tip 5—Choosing the Right Team Why is excellent service so important? A long-term plan executed by a well-managed, devoted team helps avoid service distractions. Excellent service is the basis for staying focused on opportunity because of the peace of mind created by your team’s personalized dedication. At McGowanGroup, our Dallas-based team is devoted to the daily, global search for the best assets to exceed your expectations along with a strong focus on empowering clients through education. The more you know, the more secure you’ll feel in the strategies we develop together.
Tip 6—Automated Performance Tracking How can automated performance tracking improve my decision-making? Focusing on headlines often results in anxiety-induced poor investment decisions. The database record of actual overall performance provides guidance for your future decisions with a more scientific process. Automated performance tracking along with quarterly meetings with your financial advisor to evaluate performance and adjust goals keeps your eye on that big picture—not the daily news.
Tip 7—Adjusting for Inflation How do I adjust my plan for future inflation? The Consumer Price Index (CPI) rose 6.2% in 2021, and inflation is one of the biggest concerns of retirees today. The oversupply crisis has become one of increasing demand and dwindling supply. Shifting allocations to more inflation-protected assets, like stocks (which have historically outpaced inflation rates), Treasury inflation-protected securities (TIPS), or real estate may give you some protection—but be sure to discuss inflation with your financial advisor and ensure they’re factoring decreasing purchasing power into your long-term plans and what options may work best for your life and investment goals.
The beginning of the year is the ideal time to reassess your financial position. Make a meeting with your financial advisor part of your seasonal festivities each year lets you start each new year secure in all the new years in your future, and the futures of all future generations.
2022 is officially here and between scheduling new goals your business will go after this year to deciding if you’ll take the kids on vacation sometime soon, it can be tempting to put off making updates on your long-term investment plan. This year, resolve to have all your financial puzzle pieces locked into a big picture.
We believe that great questions are the basis for great answers—let’s dig into 7 smart strategies for upgrading your investment plan!
The post 7 Key Tips for 2022 Investment Plan Upgrades appeared first on .
Why do the Financial markets appear to be unconcerned about inflation? What can we learn from a 50-year chart on inflation? What asset allocation shifts are large investors making? What defines Value stocks and what defines Growth stocks? What Fixed Income allocation appears most attractive now? How should we prepare for the next credit crisis? Why are the Financial stocks doing well? What will the government do about the price of oil now? What will the Federal Reserve do with the trillions of dollars on their balance sheet? What areas of an investment portfolio should we consider harvesting now? How does The McGowanGroup help clients and CPAs succeed during tax season? What Investment Sectors are leading in the first week of 2022? What does this tell us about 2022? Which Texas companies are outperforming their peers on a share price basis so far? What does Dalbar Research teach us about the investment process? What are the possible dangers in the Equity Markets for investors in 2022? What is The McGowanGroup’s process for Investment Planning and decision making? Headline Round Up Inflation Hits 7% Highest Since 1982! Almost 2 Years Since the Last Real Correction in the Markets! Why? Oil Spikes Above $82 per Barrel. BlackRock: Virus Spike Delays, Not Derails, Restart. Cannabis Grower Tilray Finally Reports Profit? Ken Griffin’s Citadel Sells 5.2% Stake for $1.15 Billion. Now that is rich! Value Manager AQR Gains 10% in First Week of 2022? What does this tell us about the year ahead? Dow Beating Tech Sector by Biggest Margin Since 1996? Tesla Mega Batteries Transforming Power Grid? Bitcoin Worst Annual Start Since Dawn of Crypto. Solar Will Add Half of New Electric Power Capacity During 2022. Housing Frenzy Spiked by Institutional Investors! Can You Spare some Nickel? Battery Metals Heat Up! U.S. Liquified Natural Gas (LNG) Flotilla Saves Europe! Top 100 Environmental, Social and Governance (ESG) Companies? Why the Correction in Renewables? North Texas Home Prices Set Net Record in December! Jamie Dimon Sees Best Economic Growth in Decades! Dow Jones Industrial Average Index (01/13/2020 – 01/13/2022) – Courtesy of Bloomberg LP
ProShares Bitcoin Strategy ETF (10/19/2021 – 01/13/2022) – Courtesy of Bloomberg LP
Global X MLP ETF (01/13/2020 – 01/13/2022) – Courtesy of Bloomberg LP
Generic Crude Oil Future Spot Price (03/31/1983 – 01/13/2022) – Courtesy of Bloomberg LP
Cannabis Index (09/03/2019 – 01/13/2022) – Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Top 10 and Bottom 10 Year to Date (01/13/2022) – Courtesy of Refinitiv Datastream
Profit Report Oilprice.com Top 10 Clean Energy Stocks. The MGAM Planning and Research Process. Research Round Up! Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results. Get on the free subscription list today. AllianceBernstein: Global Macro Outlook 2022. J.P.Morgan Investment Outlook 2022. *PIMCO: Investing in a Fast-Moving Cycle.
Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire. Start the process of updating your investment plan today. The post Vital Preparation! appeared first on .