Q: What could surprise the greatest number of investors, currently, in the equity markets?
A: Recently, corporate earnings have been forecasted to rise 20% over the next two years and interest rates are expected to begin falling.
Q: Why are investors now seeing a big shift from worries about inflation, due to economic strength, back to fears of a looming recession?
A: Tune in to today’s broadcast and follow along as Spencer McGowan & Alex Tollen cover the changing financial landscape.
Q: What economic changes would’ve corresponded to September’s approximate 2000 point drop in the Dow Jones Industrial Average from near 35,000 to 33,000?
A: The spike in long U.S. Treasury yields to a 16 year high, 4.8% on the 10-year Treasury Note.
Headline Round Up
*Global Oil Demand Predicted to Exceed Supply in 2024.
*U.S. Oil Producers Holding Back Expansion? Producers constrained by investor payouts, inflation & interest rates!
*OPEC Secretary General, Haitham Al Ghais, Says Underinvestment in Oil to Push Prices to $100 Per Barrel.
*Mortgage Rates Highest in 20 Years.
*Wall Street Analysts Increasing Big Tech Earnings Estimates for the Next Fiscal Year.
*Surging Treasury Yields Keep Dollar Too Strong Instead of Collapsing.
*Texas ERCOT Grid Operator Adding 3,000 Megawatts for Winter to Cut Energy Emergency Alert (EEA) Probability to Less Than 10%.
*Texas’ Vistra: Best Performing Utility of 2023 Up 37%.
*Household Spending Up 5.8% Over Last Year Topping Inflation with Distance.
*Tougher Return to Office Orders Do Nothing to Fix Half Empty Office Buildings! and
*More San Francisco Buildings Head for Default.
*Chevron On Track to Add Rapid EV Charging Stations by Backing Startup by Former SpaceX Engineers.
*Pershing Square’s Bill Ackman Says Federal Reserve Done Hiking Interest Rates.
*Small Nuclear Reactors: Big Tech’s Solution to Energy Crisis?.
*Wind Power Blows as Challenges to the Industry Escalate!
*U.S. Petroleum & Natural Gas Exports Hit New Record in First Half of 2023! Winning.
*Goofballs: Meta Unveils New Mixed Reality Headset.
Mergers, Acquisitions and Joint Ventures
*Civitas Resources, Inc. Buys $2.15 Billion in Texas Shale Assets in Cash/Stock Deal.
Skid Row
*Rivan Falls Another 20% in a Single Day!
*Lucid Falls Over 8%.
Generic Oil Futures Contract Spot Price (10/06/2020 – 10/06/2023)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index (10/06/2020 – 10/06/2023)
– Courtesy of Bloomberg LP
iShares 20+ Year Treasury Bond Exchange Traded Fund (10/06/2020 – 10/06/2023)
– Courtesy of Bloomberg LP
J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 8 (08/31/2023
– Courtesy of J.P.Morgan Asset Management
J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 33 (08/31/2023)
– Courtesy of J.P.Morgan Asset Management
Rivian Automotive, Inc. (11/09/2021 – 10/06/2023)
– Courtesy of Bloomberg LP
Profit Report
*Kiplinger’s 10-Year Checklist for Retirement.
*Prepare Your Heirs with the McGowanGroup’s Trustee Bootcamp!
