Published on: October 6, 2023

NetWorth Radio Advance Report - October 9, 2023

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 9, 2023.

Advance Report

Radio Show

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!


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
Get on the free subscription list today.
*Cohen & Steers: The Case for Infrastructure
*Recurrent Midstream White Paper: Record Cash Flow Surpluses.
*AllianceBernstein: AI and Energy.

Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.
Start the process of updating your investment plan today.