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. …

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? …

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 …

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 …

Top Financial Surprises of the Year, So Far *Equity 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 …

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 …

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:  …

Economic Growth As 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 Profits The Q2 2024 earnings growth for the S&P 500 was over 11% over 2023. 2024:  A Year of New Highs So Far At the beginning of 2024, our client update included this …

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 …

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 …