Published on: April 14, 2023

NetWorth Radio Advance Report - April 17, 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 April 17, 2023.

Advance Report

Radio Show

Q: What is Disinflation?
A: Disinflation is commonly used by the Federal Reserve to describe a period of slowing inflation. Unlike Inflation and Deflation, which refers to the direction of prices, Disinflation refers to the rate of change of Inflation.
Q: What is Post Traumatic Duration Disorder?
A: PTDD: A term used by the McGowanGroup to describe the irrational impact on fixed income investment decisions after a period of rising interest rates. Typical symptoms include selling perfectly good portfolio positions at low points and failing to add to positions at bargain levels.
Q: What can recent earnings reports tell investors about the equity markets?
A: Stay tuned for the Networth Radio fast paced tour of the global financial markets!


Dow Jones Industrial Average (12/30/2022 – 04/14/2023)

– Courtesy of Bloomberg LP

iShares iBoxx High Yield Corporate Bond ETF (12/30/2022 – 04/14/2023)

– Courtesy of Bloomberg LP

AllianceBernstein Global High Income Fund, Inc. (04/21/1993 – 04/14/2023)

– Courtesy of Bloomberg LP

Pioneer Natural Resource Co. (12/30/2022 – 04/14/2023)

– Courtesy of Bloomberg LP

U.S. Dollar Spot Price & Generic Crude Oil Futures Spot Price (04/21/1993 – 04/14/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2023 – 05/15/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Per Share with Projections (03/31/2018 – 12/31/2024)

– Courtesy of Standard & Poor’s & The McGowanGroup


Headline Round Up

*Consumer Price Index (CPI) at .1% and Producer Price Index (PPI) at -.5% Inflation for March!
*Last Federal Reserve Interest Rate Hike Possibly May 3, 2023?
*Exxon’s Preliminary Acquisition Discussion with Pioneer Natural Resources Signals Potential Shale Mergers and Acquisitions Wave.
*TotalEnergies SE Considering $5 Billion Bid for Neptune Energy Group, LTD.
*Russia Cuts More Oil Production Than Anticipated in March.
*Warren Buffett Makes Another $4.5 Billion Gain in Japan. Buffett increased holdings in five major Japanese trading houses in 2020 from 5% to 7.4% and is looking for more exposure to Japanese stocks.
*Undercover CEO: Dara Khosrowshahi Transforming Uber After Serving Clients as a Driver Himself.
*Real Estate Investment Trust (REIT) Recession? What areas might be affected?
*”Houston, We Have Problem” – Arbor Realty Trust Forecloses on 3200 Multifamily Units in Houston Owned by Applesway Investments!
*PC Shipment Recession? 1st Quarter 2023 Shipments Down 29%.
*CarMax, Inc. Shares Jump on Earnings Beat. Are low expectations the key to happiness?
*Proposed EPA Emissions Rule Attempts to Push Electric Vehicle (EV) Sales to Up to 60% of New Car Sales by 2032!
*Canadian Solar to Ramp Up Production Amid Surging Demand.
*Wind and Solar Power Generators Wait in Years Long Bureaucratic Lines.
*Factory Building at Record High After the Inflation Reduction Act.


Profit Report

  • Now that Inflation has declined and the looming Recession has failed to appear, what will the financial media hand investors us to worry about next?
  • The imminent demise of the dollar?
  • Potential U.S. Government shut down and default?


Research Round Up!

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*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.

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