Published on: July 10, 2020

NetWorth Radio Advance Report - July 13, 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 July 13, 2020.

Advance Report

Radio Show

June reports on the employment market provided reinforcement on thesis that the recovery is a “Nike swoosh” instead of a “V.”
The implications for Investment Strategy?
Range bound market since 2017. Stuck in irons for how long?
A deep dive into the updated charts, economic and trading data begins this week’s program.
U.S. Employment Total in Labor Force  (07/09/2014 – 06/30/2020)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average (Approx. 4 Years) 

– Courtesy of Bloomberg LP

Dow Jones Industrial Average (01/01/1962 – 12/31/1982)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (20 Years)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (3rd Quarter 2019 – 4th Quarter 2021)

– Courtesy of Bloomberg LP

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

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Earnings Estimates Graph (3 Years)

– Courtesy of Bloomberg LP

Coronavirus (2019 – nCOV) U.S. Confirmed Deaths (1Year)

– Courtesy of Bloomberg LP

Health Care Select Sector SPDR Fund (Year to Date)

– Courtesy of Bloomberg LP

AllianceBernstein Global High Income Fund, Inc. & BlackRock Corporate High Yield Fund, Inc. (12/29/2006 – 12/31/2012)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Energy Sector Level 1 Index (20 Years)

– Courtesy of Bloomberg LP

Headline Round Up!

*Jobs Juggernaut?
*May and June Numbers: Nearly 7.5mm Jobs Reinstated. 17mm Jobs To Go To Reach Record Employment.
*Job Openings spike by 400,000 to 5.4MM.
*Jobless Claims Decline to 1.3MM.
*Key Points from BlackRock’s Mid-Year Update.
*TIAA Bought Junk Munis?
*Tesla Claims Fully Autonomous Vehicle Mastery is Very Close.
*Netflix Capable Cars?
*Moves to Lithium Iron Instead of Cobalt.
*Global Auto Updates?
*Solar Mergers to Cut Costs.
*Tech Added 200,000 IT Workers in June.
*E-Commerce Needs A Billion Square Feet by 2025?
*Corporate Updates!

Texas Energy Gold Rush

*Buffett Buys Gas Pipes At A Discount.
*Liqueified Natural Gas Exports At 2018 Levels.

 

Profit Report!

*529 Age Based Allocation Process.
*Get Ahead of Retirement Planning! 401k Allocation Updates. In Service Rollovers to Convert to High Cash Flow IRA’s.
*Range Bound? Getting Paid to Wait Along With Compounding Advantages.

 

Research Round Up!

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