Published on: October 2, 2020

NetWorth Radio Advance Report - October 5, 2020

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for October 5, 2020.

Advance Report

Radio Show

Markets plunged instantly upon the tweet by President Trump of a positive COVID-19 diagnosis. Since both the UK’s Prime Minister Boris Johnson and Brazil’s President Bolsonaro recovered from a positive diagnosis, markets held well above the lows set last month.
With the nation obsessed with election headlines and the Washington cat fight, investors are best served with a focus on what is unfolding in the economy and financial markets.
-What is more important than the election for investors?
-What are the possible outcomes for COVID-19 in 2021?
-How is the economy doing right now and how is today different from predictions?
-What surprise reports are coming from Q3 results?
-How would a Biden or Trump administration impact 2021?
-Why was Residential Real Estate immune from the recession?
-What do European interest rates tell us about potential future gains in the Bond Market?
-What is Global Compression and what does it mean in 2021? 
Any hope of a new, and much needed, comprehensive Infrastructure plan to be drafted for discussion with the newly elected, re-elected Congress and President vanished over the weekend turning Washington into a cat fight with hundreds of angry felines. Any attempt to restore order would likely result in scratches, bites, and a rabies shot.
Dow Jones Industrial Average (Year to Date)  

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index Quarterly Earning Estimates (10/02/2017 – 10/02/2020) 

– Courtesy of Bloomberg LP

Exchange Trade Fund Flows (10/02/2020)

– Courtesy of Bloomberg LP

Yearly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (2013 – 2022)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (4th Qtr. 2019 – 1st Qtr. 2022)

– Courtesy of Bloomberg LP

U.S. Employment Total in Labor Force NSA (10/14/2014 – 09/30/2020)

– Courtesy of Bloomberg LP

Natural Gas Spot Price  (3 Years)

– Courtesy of Bloomberg LP

SolarEdge Technologies, Inc. & Sunoco LP (Year to Date)

– Courtesy of Bloomberg LP

MAC Global Solar Energy Index (Year to Date)

– Courtesy of Bloomberg LP


Headline Round Up!

*The Fastest Recovery in History? Q3 and Q4 Forecasts for Profits and The Economy.
*Net New Jobs Bring Total Employed to about 148 Million vs 159 Million Peak.
*Big Gains for North Texas Home Prices with 3 Month Acceleration. National Buying Rush!
*New York’s Deep Real Estate Recession. Offices Empty and International Demand Extinguished. 40% Jump in Bankruptcies with Riots and Continued Shut- Downs.
*Inflation Already Here?
*COVID-19 Cocktails? Regeneron’s Rapid Reduction.
*Value Stocks Outperforming Growth
*JPMorgan Trading Desk – “Crime Ring?”
*Stock Up on Cabernet: Wildfires Devastate Wine Industry. Alex, is there a trading market for this?
*California Power Shortages?
*Natural Gas Rally!
*Conoco Philips: Oil Demand Will Return and Grow. Share Buybacks Resumed!
*Solar Comes of Age!


Profit Report!

*Research Round Up!
*Emerging Market Bond Update!
*Biden Tax Plan? Michael Kitces details.
*Trump Tax Plan?
*This Week’s Money Flow and Sector Performance Updates.


Research Round Up!

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*BlackRock’s Best Piece on Election Outcomes.
*Pimco Emerging Market Bond Forecasts.

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