Published on: July 31, 2020

NetWorth Radio Advance Report - August 3, 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 August 3, 2020.

Advance Report

Radio Show

July was the Grand Finale of the Q2 shutdown quarter of bad news. The prior Equity Market rebounds appeared to be based upon:
1. Fast and large Fed liquidity infusions along with massive spending to bridge loss of income.
2. Anticipation of fast recovery.
3. Massive buying in popular tech companies.
Valuable investment intelligence for effective decisions often begins with a clear picture of what has happened leading to future scenarios and possible outcomes. The benefits of clearly defined objectives then provide a logical list of choices to accomplish those goals over longer time horizons.
Dow Jones Industrial Average (Year to Date)  

– Courtesy of Bloomberg LP

U.S. Quarterly Economic Forecasts – Actual and Forecasts with Probability of Recession (3rd Quarter 2019 – 4 Quarter 2021)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (Year to Date) 

– Courtesy of Bloomberg LP

Top 10 Performers of the Nasdaq (07/31/2020)

– Courtesy of Bloomberg LP

Headline Round Up!

*Economic Activity Plummets in Q2. How much?
*Projections for Recovery? Comprehensive GDP forecasts.
*Home Prices STILL Rising! Residential Real Estate appears immune from Covid-19 so far?
*Durable Goods Orders Spike Again in June.
*Vaccine Testing! Who is winning?
*Kodak Explodes! Robin Hood App Drives Huge Fast Money Flow! Alex weighs in with trading insights.
*Under Armour Under Fire!
*The Crescent For Sale with an appraised Value Over $500 Million.
*U.S. Energy Information Administration (EIA) Forecasts Record U.S. Oil Demand August 2021.
*Coal’s Demise! Bubbling Natural Gas Dominance!
*Front Line Doctors Cancelled?
*Biden’s Additional Big Tax Plan
*Bezos and “Buddies” go to Washington for a Terse Public Spanking on Both the Left and the Right?! What does it mean for investors?


Profit Report!

*The dangers presented in Washington this week for Big Tech, potential impact on Indexes, and Solutions.
*Alex and Spencer’s devotion to effective Allocation Strategy: Performance Tracking, Money Flow research, possible outcome discussions, and MGAM Investment Committee processes.
*The Hook! John Hook’s key points?


Research Round Up!

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*EIA Energy Forecasts for 2021

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