NetWorth Radio Advance Report - June 1, 2020

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 June 1, 2020.

Advance Report

Radio Show

Tune in to find out who said it first!
Hint: Yogi Bera shoulda said it first
Dow Jones Industrial Average  (Year to Date)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (04/01/2019 – 07/01/2021)  

– Courtesy of Bloomberg LP

Yearly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (2013 – 2022)

– Courtesy of Bloomberg LP

iShares iBoxx High Yield Corporate Bond ETF (Year to Date)

– Courtesy of Bloomberg LP

iShares iBoxx High Yield Corporate Bond ETF (Approx. 15 Years) 

– Courtesy of Bloomberg LP

AllianceBernstein Global High Income Fund, Inc & BlackRock Corporate High Yield Fund, Inc. (12/29/2006 – 12/31/2012)

– Courtesy of Bloomberg LP

U.S. Crude Oil – West Texas Intermediate Spot Price (Year to Date)

– Courtesy of Bloomberg LP

Alerian MLP Index & U.S. Crude Oil – West Texas Intermediate Spot Price (Approx. 15 Years)

– Courtesy of Bloomberg LP

Health Care Select Sector SPDR Fund (Year to Date)

– Courtesy of Bloomberg LP

Headline Round Up!

*NYSE Floor Back in Business With Buyers This Week!
*GDP Forecasts: Quarters and Years Ahead! When do we reach new highs in the economy and jobs?
*Good News for North Texas! Plano and Dallas Tech Job Postings Jump by a Record.
*The Bad News: American Airlines Cutting Staff.
*Worst of Shutdown Damage OVER?
*New Safety Processes: Spencer Got Tested! No COVID-19 and No Antibodies. Easy, Fast and Free! Client In Office Appointments
*Updates from CDC and Treatment Progress Reports!
*Real Estate Updates!

June 2020 MGAM Client Update

Clear Guidance is founded in Clear Strategy:
A steadfast commitment to owning great assets at bargain prices while enjoying the advantages of real cash flow. The temporary storms of crisis often brings irrational anxiety that obscures a longer term view.
Here are some important facts for our clients:
• Cash rates are near zero.
• Financial asset valuations quickly moved from optimistic to pessimistic pricing.
• The principals of estimating forward returns have not changed.
• Growing daily testing numbers for COVID-19 are contributing to isolating and advancing studies to defeat the pandemic.
Globally, countries and companies have moved and learned quickly to contain COVID-19 as well as operate business safely. Our team is working daily to maximize opportunities for optimal outcomes between now and 2025, as well as beyond.
McGowanGroup Asset Management will resume in office client planning appointments, State and County orders permitting, June 1st with safety guidelines.
Additionally, for those at risk, the team has also advanced our phone appointment processes and mastered Zoom appointments to improve our service commitments to you and your family.

Texas Energy Gold Rush

*Futures Prices for Crude Top $40.
*Ukraine Greenlights U.S. Liquified Natural Gas.
*Crude Demand Jumps.
*You Can’t Fix Crazy! Venezuela IMPORTS Gasoline from IRAN?

 

Profit Report!

*Where is Stephen? Moxies and Sixty Vines Reopen, with limited capacity, at the Crescent!
*What to Buy? Research from BlackRock Forward Returns Projected for Asset Classes.
*Chase Reports Credit Card Spending Bouncing Back.
*How Did Gerald J. Ford Make Several Fortunes?
*If I Can Buy A Good Basket of Loans and Bonds at 70% of Maturity Value, Paying Over 10%, Should I Do It?
*If Cash Flow is King, Where Are The Best Dividends?

 

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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*BlackRock Asset Class Forward Return Updates Including High Yield
*Cohen and Steers: Energy Infrastructure Midstream Update

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