Published on: March 8, 2024

NetWorth Radio Advance Report - March 11, 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 March 11, 2024.

Advance Report

Radio Show

Q: How long can the current rally in U.S. equity markets last?
A: Historically, equity market rallies tend to last longer than expected. For example, Alan Greenspan declared that the markets were experiencing “irrational exuberance” in 1996 and the rally continued to the year 2000.
Q: What could this week’s trading in retail stocks indicate this week?
A: Anemic 2024 revenue growth and possible contraction in the retail sector.
Q: What are some of the likely changes in The McGowanGroup Wealth Management’s (MGWM) managed accounts over the next year?
A: The McGowanGroup is starting to gradually raise Tactical Safety in managed accounts to protect gains after being fully invested during 2022 & 2023.


Headline Round Up

*Jamie Dimon, CEO of JPMorgan Chase, Praises Texas! Says Texas is a model for “How You Build a Healthy, Vibrant Society”!
*Crowdstrike Holdings, Inc. and Palantir Technologies, Inc. Spike This Week!
*Flabalanche Trial Success! Novo Nordisk Spikes 9% Recently!
*New York Community Bancorp Gets $1 Billion Lifeline. Stock hits $2 on woes then $4 on capital infusion news.
*Problem Bank List Grows to 52 Lenders Up By 8 Lenders from 2023.
*What Could Go Wrong? Startup JKBX (Pronounced Jukebox) Offering Securities Backed By Singer Royalties.
*Japan’s Nikkei Finally Hits a New High After 34 Years.
*Jobs! What do this week’s employment reports tell us about the 2024 economy?
*Biden Administration “Strike Force” Blames Businesses for “Unfair and Illegal Prices?”
*Solar Can Potentially Net $1,200 Per Acre in a Solar Lease for Farmers vs. $100 or More Loss Per Acre for Corn in Illinois.
*The Renewable Revolution’s $3 Trillion Problem by Rystad Energy.
*Nuclear Regulatory Commission Backing Pathway for Advanced Reactors.
*U.S. Uranium Mines to Restart as Uranium Prices Skyrocket.
*More Productive Oil Wells Spur U.S. Crude Production Higher.
*Cryptomania! BlackRock’s Bitcoin Exchange Traded Fund (ETF) Record Cash Influx.
*Oops! Coinbase Users See Zero Balances Again & Twice in Less Than a Week!
*National Debt Rising $1 Trillion Every 100 Days???
*Productivity: JPMorgan Artificial Intelligence (AI) Cashflow Model Can Cut Manual Work by 90%. Jamie Dimon says work week could shrink to just 3.5 days?
*New York Attorney General ,Letitia James, Sues Largest Producer of Meat Products for Misleading the Public About Its Environmental Impact.
Mergers and Acquisitions!
BlackRock Inc. & Morgan Stanley Investment Funds Buying TC Energy Corp.’s Portland Natural Gas Transmission System in a 1.14 Billion Deal.


SPDR Standard & Poor’s 500 Index Exchange Traded Fund Trust (01/01/1993 – 12/31/1999)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/29/2023 – 03/08/2024)

– Courtesy of Bloomberg LP

U.S. Employees on Non-Farm Payrolls – Total Month over Month Net Change, Seasonally Adjusted (02/28/2022 – 02/29/2024)

– Courtesy of Bloomberg LP

Energy Transfer, LP (01/01/2005 – 03/08/2024)

– Courtesy of Bloomberg LP


Profit Report

* Nuveen: The Case for Higher-Yielding Assets


Research Round Up!

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*Nuveen: The Case for Higher-Yielding Assets
*BlackRock: 3 Market Predictions for 2024 and Lessons from 2023
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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