Published on: December 22, 2023

Advance Report

Radio Show

Powerful Interviews

Q: What are some of the key explanations for the year end Santa Claus Rally in the financial markets?
A: Some reasons include recent low inflation/deflation, Federal Reserve interest rate cut projections for 2024, positive economic/profit forecasts, and soft-landing expectations.
Q: Alex, gives us some insight as to why the Grinch stole over 500 Dow Jones points from the Santa Claus Rally on Wednesday?
A: Big Put Options contracts on the S&P 500 Index at 4755 forced short dealers to hedge potential losses before Options Expiration date.
Q: What are the new 2024 IRS tax brackets and how should they guide investor’s financial decisions?
A: Stay Tuned to today’s broadcast and follow along as Spencer McGowan & Alex Tollen cover the new updates!


Headline Round Up

*Deflation: Office Market Hit Hard in 2023 while 2024 Looks Worse.
*Transparency Ignored: Hospitals Failing to Post Prices as Required Since 2021.
*Artificial Intelligence (AI) and ChatGPT Models Fail in Analyzing an SEC Filing.
*E-Signature Company DocuSign Explores a Buyout?
*Walgreen’s Ambitions Lean on Technology, But Where’s the I.T. Department?!
*Houthi Bad Behavior Shutting Down Red Sea Shipping.
*Charif Souki Out at Tellurian! $8.2 Million severance payout and company has raised doubts it could continue to operate?
*Nasdaq Drops Zoom Video Communications. Buy, Hold, or Not?
*Ozempic May Help Your Brain and Heart?
Mergers and Acquisitions
*Time Warner Discovery Paramount? 3 drunks leaning on each other?
*Nippon Steel Corp. Acquires U.S. Steel Corp. for $15 Billion. U.S. Steel rejected $7.2 billion offer in August from rival Cleveland-Cliffs, Inc.
Skid Row
*Nikola Founder, Trevor Milton, Sentenced to 4 Years in Prison for Fraud.
*Wall Street Journal: 18 Electric Vehicle (EV) Start Ups on Track to Run Out of Cash in 2024.


Dow Jones Industrial Average (12/30/2022 – 12/21/2023)

– Courtesy of Bloomberg LP

Invesco QQQ Trust Series 1 (12/21/2020 – 12/21/2023)

– Courtesy of Bloomberg LP

Quarterly Financial Analysis – Standard & Poor 500 Index (Q1 2023 – Q3 2025)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Forecast with Probability of Recession (Q1 2023 – Q2 2025)

– Courtesy of Bloomberg LP

Yearly U.S. Economic Forecast with Probability of Recession (2016 – 2025)

– Courtesy of Bloomberg LP

AllianceBernstein Global High Income Trust Fund, Inc., DoubleLine Income Solutions Fund, BlackRock Corporate High Yield Fund, Inc., & Nuveen Global High Income Fund (12/30/2022 – 12/21/2023)

– Courtesy of Bloomberg LP

Novo Nordisk A/S, Vistra Corp., Microsoft Corp. & BWX Technologies, Inc. (12/30/2022 – 12/21/2023)

– Courtesy of Bloomberg LP


NetWorth Radio’s Global Business Leadership Series: Spencer McGowan Interviews Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston!

Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).
From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.
Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.
Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.
Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.

Client Portfolio Manager / Energy Specialist
Oliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies.
Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.
Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.
Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.


NetWorth Radio’s Texas Business Leadership Series: Spencer McGowan Interviews Katrina Rodionova with Advanced Regeneration!

Katrina is the co-founder and president of Advanced Regeneration LLC. In 2017 she became a certified laser technician and able to deliver our high intensity laser therapy. She is also a certified Cryoskin technician. Her practice is dedicated to tissue regeneration, corresponding pain reduction and the evolution of advanced, drug free, treatment protocols.
Katrina holds a Master’s degree in Social Work from the International University of Nature, Society and Man in Moscow and undergraduate work in Physical Education from Lesgaft National State University of Sport in St.-Petersburg, Russia. Upon arriving in the United States, Katrina took classes at Long Island University and Columbia to advance her skills in English and computer technology. In New York city she served as a licensed Alcohol and Drug abuse counselor. Katrina’s training in healing arts includes over 800 formal hours as a certified Yoga instructor and she continues to lead multiple yoga classes weekly in Dallas. Katrina blends a mind-body approach with positive philosophy and non-invasive laser therapy to help people transform their lives and become pain free.


Profit Report

2024 Tax Planning?


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
Get on the free subscription list today.
*BlackRock iShares: 2024 Outlook
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.
Start the process of updating your investment plan today.