Published on: February 9, 2024

NetWorth Radio Advance Report - February 9, 2024

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 February 9, 2024.

Advance Report

Radio Show

Q:  What is “Capitulation buying in the financial markets.
A:  After extraordinary rallies in an investment sector or asset class, investors left behind finally begin to buy in to avoid missing out. Often, the resulting capitulation buying rally marks a peak price for the asset.
Q:  What are some examples of dangerous overpricing in the equity markets for investors?
A:   1970s   Nifty Fifty
       1990s    Dot-Com
       2021      FANGs and Cryptocurrency
       2023-24 Magnificent 7?
Q:  What was the message for investors from Federal Reserve Chairman Jerome Powell’s interview on 60 minutes?
A:  No interest rate cuts in March, for now.


Headline Round Up

*A Surprisingly Strong U.S. Economy!
*Disney Spikes on Earnings, New Mega-Sports Streaming Service.
*IRONY! The Rockefeller Family & Other Billionaire Donors Pushed for Biden Administration’s Liquified Natural Gas (LNG) Project Halt.
*The Story of America’s Most Expensive Home at $295 Million.
*New York Community Bank Flashes Warning Sign Seeking Third Party Capital for Liquidity.
*Treasury Secretary Janet Yellen Says Commercial Real Estate is a Worry.
*U.S. Commercial Real Estate Contagion is Moving to Europe.
*KKR Real Estate Finance Trust, Inc., Commercial Mortgage R.E.I.T. Plunges. 
*Texas Lt. Governor, Dan Patrick, Praises CEO of BlackRock, Larry Fink, as the “King of Wall Street. Texas and BlackRock Make Up?
*Biden Administration Requiring Large Crypto Miners to Report Energy Usage. Follows Concerns That the Industry Could Pose a Threat to the Nation’s Electricity Grids!
*Venezuela Ready to Declare War on Exxon?
*Burrito Nation: Chipotle Traffic Surges 7.4% in Q4 2023.
*Tapped Out Yet? Credit Card Delinquencies Up 50% in 2023.
*Spotify Surges on Joe Rogan Deal.
*U.S. Crude Oil Ripe for a Short Squeeze?
*Super Micro Computer, Inc.’s 700% Gain on Artificial Intelligence (AI) Mania.
*U.S. Natural Gas Consumption Hits New Record in January.
Mergers and Acquisitions
*Devon Energy Corp. in Talks to Buy Enerplus Corp. Whose Shares Popped 10%.
*Weight Loss Mania: Novo Nordisk Ramping Up Wegovy Supply Purchasing Catalent for $16.5 Billion Including Debt.
Skid Row
*SNAP chat Gets it Tik-Tok Cleaned!
*Under Armour Down 80% in 8 Years?


Invesco QQQ Trust Series 1 (12/29/2023 – 02/09/2024)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/29/2023 – 02/09/2024)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (03/23/2020 – 02/09/2024)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (03/10/1999 – 12/30/2016)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (11/16/2023 – 02/15/2024)

– Courtesy of Bloomberg LP


Special Profit Report

Suck It Up Cry Baby!
*Real life client stories of retirements damaged by overspending & underworking adult children: 
  1. The 40 year old dependent idiot who tries to take control of the surviving wife’s retirement account. 
  2. The momma’s boy that squandered over 20% of his parents’ assets.
  3. Techniques for protecting your investment and retirement assets from predatory adult children.
*Frugality Training: Dave Ramsey
*Require a meeting with the spendthrift/eternal entrepreneur with your financial advisor before helping your adult children.
*Just Say No!
*Be Stingy. 
*Loan It, but Don’t Give It!  Devise a payback plan.
*Business Venture Funding: Require a business plan that meets the standards of obtaining a similar loan from a bank or credit union.
*Only cover a small portion, in increments of progress, only if you can afford it.
*If they are living in your house, take away the video games!


Research Round Up!

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*Nuveen: Federal Reserve Inches Closer to Cuts
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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