NetWorth Radio Advance Report - September 17, 2018

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 September 17, 2018.

Advance Report

Radio Show

The Cryptocurrency Meltdown become official this when the index of 10 cryptocurrencies completed over an 80% decline in value exceeding the losses of the tech wreck that began in the year 2000:
Dow Jones Industrial Average (Approx. 9 Months)

-Courtesy of Bloomberg

In fact, the overall loss of value, from the peak less than a year ago, totals over $600 BILLION!
MVIS CryptoCompare Digital Assets 100 Index (1 Year)

-Courtesy of Bloomberg

The warning for investors is a legendary Warren Buffett quote: “Never invest in anything that you do not understand.”
Extraordinary Popular Delusions and The Madness of Crowds” by Charles Mackay in 1841 details the Dutch “Tulip Mania” including the peak when one rare tulip bulb fetched an entire estate.
The wipe out of over $600 Billion in value stands as a warning, similar to Mackay’s bubble chronologies, of irrational mass behavior.
What is the future of Cryptocurrencies? This weekend’s program discuss global implications from phase one of computer files fetching extraordinary money flows from around the world.

 

Headline Round Up and Top Surprises of 2018!


*Dow Back Over 26,100!
*Small Business Optimism Highest EVER! Last Record was 1983. Deregulation and Tax Cuts?
*US Oil Production Tops 11 Million Barrels per Day! United States Pulls Ahead of Russia and Saudi Arabia as Number 1 Worldwide Producer. Texas Would Rank #3 as It’s Own Country (but that is another discussion).
*Oil Pops to $70 per Barrel.
*LNG Updates
*6.9 Million Jobs Need to be Filled; Exceeding Unemployed People by 659,000!!!!!
*Computer Chips Getting Stale?
*Crazy Rich Asians, Crazy Big Losses!
iShares China Large-Cap E.T.F. (1 Year)

-Courtesy of Bloomberg

*Texas Banks Smacked! Why?
Multiple Texas Based Banks Prices (Approx. 9 Months)

-Courtesy of Bloomberg

*Saleforce Crowned as CRM King! New High With Distance.
Salesforce.com Inc. (1 Year)

-Courtesy of Bloomberg

*Jimmy Buffett Partners in Medical Marijuana: Corral Reefer’s in Margaritaville?
*FDA Says No Vaping?
*INFLATION! Not Much. Implications for Investors and the Upcoming September 26th Federal Reserve Meeting.
*Copper Plummets! Trade War Blamed. 3 Minute Record Sell Off.
*GOP Introduces Tax Cut 2.0 Ahead of Election.
*New Apple Watch Crushes Fit Bit. Help I’ve Fallen Down and Can’t Get Up and Can’t Hit the Button.
*Turkey’s Erdogan Unhinged. Central Bank Raises One Week Rate to 24%.
*Gundlach Predicts Dollar will Retreat After Recent Rally.
*Ray Dalio: 2020 Crisis Factors.
*The Carlisle Group Raises Biggest Targeted Real Estate Fund.
*Tesla Bull Capitulates After Pot Smokin’ Whiskey Drinkin’ Musk Unhinged with Joe Rogan.
*Bank Stocks Still Below 2007 Peak?

 

The Profit Report:


*Great Client Questions!
*Planning Lessons from Other Successful Families.
*Be Afraid? Mid Terms? Trade Wars Unite XI and Putin?

 

The Cash Flow Revolution:

*Interest Rate Updates: Money Markets, Treasuries, Corporates, and more.

 

Research Round Up!


Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
*High Yield Updates!
*Opportunities in Emerging Markets?

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