Published on: October 28, 2022

NetWorth Radio Advance Report - October 31, 2022

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 31, 2022.

Advance Report

Radio Show

Tacking Race!

In practice, optimal sailing in the direction from which the wind is coming is usually at a course of angles of around 45° to the oncoming wind. To reach a particular point, alternating the direction of the wind between the port and starboard side is usually necessary, which is called tacking.
What do sailing tactics have to do with the financial markets?
What are some of the reasons that caused the equity markets rise in October?
Did investors miss the September bottom?
What asset classes are showing positive gains this year?
If investors could build a great pension plan for themselves right now, what could that look like?
Are we in a Recession?


Headline Round Up

*U.S. Real Economic Growth Rises To 2.6% in Q3!
*October Best Month for Equity Market Since 1987?
*Austin Builders Could Not Finish Homes Fast Enough And Now Inventory Piling Up?
*New Home Sales Crash Down 19.9% From Last Year?
*Home Prices Smacked Down 1.9% in Dallas?
*Headwinds Declared by General Motors and Tesla as well as other companies! What are those headwinds?
*Faceplant by Meta Platforms, Inc. ! 
*Q3 Earnings Reports! Big Tech Stinking Up The Whole Market Place!
*McDonald’s Competitive Strength. Why are great brand names inflation resilient?
*Caterpillar, Inc.’s Amazing Beautiful Butterfly Display! Fantastic Q3 earnings and settlement of 15 year tax saga with the IRS!
*Merck & Co., Inc. Hits All Time High with Great Results!
*Bristol-Myers Squibb Co. Beats Estimates Too!
*PepsiCo, Inc. Shows The Power of Great Brand Names!
*German Energy Company Dismantles 20 Year Old Windfarm For Coal Mining? No longer eligible for German government subsidies.
*GE Loses Money On Renewables? Unreliable wind turbines that result in warranty payments to customers the root?
*Michigan Mayor Installs Gas Line For Fireplace In New Home After Pushing Electrification For His City. “An electric fireplace isn’t really a fireplace,” says Mayor.
*Enphase Energy, Inc. Knocks Solar Ball Out Of The Park!
*Big Oil Profits Keep Rolling In for Q3!
*Federal Reserve To Lose $80 Billion On Bonds This Year? Maybe they should take a time out?
*New SEC Rule Will Clawback Performance Based Compensation to Execs? Companies to recoup pay due to fraud, inaccuracies reported and milestones not achieved.
*Some Reasons Why Energy Stocks Could Rise Substantially In the Future.


Standard & Poor’s 500 Index (12/31/2021 – 10/28/2022)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Estimates (08/16/2022 – 11/15/2022) 

– Courtesy of Bloomberg LP

Global X MLP ETF (12/31/2021 – 10/28/2022)

– Courtesy of Bloomberg LP

Merck & Co Inc., Bristol-Myers Squibb Co, AbbVie Inc., and Unum Group (12/31/2021 – 10/28/2022)

– Courtesy of Bloomberg LP

Freightos Index Global (11/01/2020 – 10/23/2022)

– Courtesy of Bloomberg LP

U.S. Existing Home Sales SAAR (09/30/2020 – 09/30/2022)

– Courtesy of Bloomberg LP

U.S. Existing Home Sales Medium Price MoM Percent Change (09/30/2020 – 09/30/2022)

– Courtesy of Bloomberg LP

U.S. New One Family Houses Sold Annual Total SAAR (09/30/2020 – 09/30/2022)

– Courtesy of Bloomberg LP


Profit Report

What asset classes have led the financial markets each decade?
A Kodak Moment for Meta’s Facebook?


Research Round Up!

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*Tech Wreck: AllianceBernstein’s Tech Insights.
*Cohen and Steers: “Shallow Recession”.
*AllianceBernstein: Three Reasons It’s Time to Add High-Yield Bonds.
*Top Ten Things to Know About the Midterm Elections? Ten things to know about the midterm elections - Trending Conversations

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