Published on: October 21, 2022

NetWorth Radio Advance Report - October 24, 2022

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 24, 2022.

Advance Report

Radio Show

What are some of the updated forecasts for the economy next year?
Will there be a 2023 Recession?
How are the earnings reports impacting the financial markets?
Are companies still making profits in 2022?
When will asset prices rally in the equity markets?
When will the Federal Reserve (Fed) stop raising Interest Rates?
Why did Harold Hamm’s Omega Acquisition buy the rest of Continental Resources?

 

Headline Round Up

*2023 Forecasts: The Fed and AllianceBernstein.
*Harold Hamm Takes Continental Private!
*Biden Releases Another 15 Million Barrels from the Strategic Petroleum Reserve Before 2022 Midterm Elections?
*Chinese Bonds Half Price?
*Housing Starts and Building Permits Drop Below Last Year.
*Florida Circle K Gas Stations Selling Cannabis in 2023?
*U.S. Factories Operating At Highest Capacity Since the 1980’s?
*Bozos: Worst Economic Predictions in History!
*Oil Services Giant Baker Hughes: Worst of Supply Chain Issues is OVER.
*Global Semiconductor Squeeze Ending?
*E.U. Price Controls on Natural Gas? How did that work out for Nixon?
*New England Winter Blackouts?
*Shale Mogul Daniel Rice Getting $975 Million from BP Deal!
*Global Energy Crisis: Nuclear Renaissance.
*Earnings Reports! Are low expectations the key to happiness now in the equity markets?

Yearly U.S. Economic Forecasts with Probability of Recession (2015 – 2024)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Forecasts with Probability of Recession (Q4 2021 – Q1 2024)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Estimates (08/16/2022 – 11/15/2022)

– Courtesy of Bloomberg LP

Freightos Index Global (10/20/2019 – 10/16/2022)

– Courtesy of Bloomberg LP

Federal Funds Target Rate & C.B.O.E. 10 Year Treasury Note Yield Index (10/24/2002 – 10/19/2022)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index ETF Trust & Invesco QQQ Trust Series 1 (12/31/2021 – 10/19/2022)

– Courtesy of Bloomberg LP

 

Profit Report

What should I do about the drop in my 401k?

 

Research Round Up!

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*Cohen and Steers: “Shallow Recession”.
*AllianceBernstein: Three Reasons It’s Time to Add High-Yield Bonds.
*Top Ten Things to Know About the Midterm Elections? Ten things to know about the midterm elections - Trending Conversations

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