The 2024 Q4 McGowanGroup Wealth Management Client Updates
11/11/2024
Election 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 Growth
As 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?
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Headline Round Up
*Y’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 Lane
Financial 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 Report
*The 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.
