Published on: October 13, 2023

NetWorth Radio Advance Report - October 16, 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 October 16, 2023.

Advance Report

Radio Show

Q: How is the Middle East different today than in 1967?
A: The Abraham Accords make escalation less likely. The accords normalized relations with Israel and some Middle Eastern countries. Iran’s support of Hamas and Hezbollah has been referred to as a Proxy War against Israel making war a possibility between Iran and Israel.
Q: How did the global financial markets react to the declaration of war between Israel & Hamas?
A: Oil spiked $4 per barrel at the futures opening Sunday night topping $87. The Dow futures fell 1% Sunday evening to 33,000 and rallied during the week to near 34,000 during the week.
Q: What is currently happening in the North Texas Real Estate Market?
A: Stay tuned and listen to the latest reports from Allie Beth Allman and The Wall Street Journal!


Headline Round Up

*Exxon Finalizes Buyout of Dallas Based Pioneer Natural Resources for $253 Per Share in All Stock Deal valued at $59.5 Billion!
*U.S. Oil Production Set to Hit Record in Q4!
*Ozempic and Wegovy Transform Novo Nordisk to a $400 Billion Company.
*Deflation? Container Shipping Rates Tumble as Market Prices to Move Cargo From Asia to U.S./Europe down as much as 90% From Last Year!
*OPEC Raises 2045 Demand Forecast.
*Goldman Sachs Economists Still Say No Recession Yet.
*Dallas’s Federal Reserve President, Lorie Logan, Says Rate Surge Creates Less Need For Further Hikes.
*Atlanta’s Federal Reserve Chief, Raphael Bostic, Says Rates are High Enough.
*Interest Rate Pause Likely to Continue Through November 1st Meeting.
*Money Supply Plummet Potentially Indicates Inflation Will Drop From Here.
*China’s Property Giant, Country Garden, Defaults!
*Walgreen’s Announces $1 Billion Cost Cutting Program as New CEO, Tim Wentworth, Arrives.
*Walmart Announces Online Primary Doctors to Employees.
*Largest U.S. Banks Posting Worst Write Offs in Three Years.
*India’s Stock Market Booming!
*Submerging? Emerging Market stocks slide to lowest levels in 36 years?
*German Sandal Maker Birkenstock Valued at $9.2 Billion in Initial Public Offering (IPO).


Dow Jones Industrial Average Index (12/30/2022 – 10/13/2023)

– Courtesy of Bloomberg LP

West Texas Intermediate (12/30/2022 – 10/13/2023)

– Courtesy of Bloomberg LP

Department of Energy Cushing Oklahoma Crude Oil Total Stocks (10/19/2018 – 10/06/2023)

– Courtesy of Bloomberg LP

US Generic Government 10 year Treasury Yield  (10/15/2013 – 10/13/2023

– Courtesy of Bloomberg LP

Novo Nordisk  (12/30/2022 – 10/13/2023)

– Courtesy of Bloomberg LP

Energy Transfer LP (12/30/2022 – 10/13/2023)

– Courtesy of Bloomberg LP

iShares China Large-Cap ETF (01/01/2003 – 10/13/2023)

– Courtesy of Bloomberg LP


Profit Report

*The 10 Stages of Estate Planning from The McGowanGroup.


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
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*Cohen & Steers: The Energy Crisis Dual Opportunity.
*Recurrent Midstream White Paper: Record Cash Flow Surpluses.
*AllianceBernstein: AI and Energy.

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