Q: What did Janet Yellen do during her visit to China?
A: At an arranged dinner she was unknowingly served a dish featuring mushrooms known for their psychedelic effects.
Q: What is a likely explanation for the 55 basis point spike in long US Treasury yields in less than a month?
A: Atlanta Fed estimated current economic growth this week at a whopping 5.8%.
Q: Is China destined to collapse?
A: Real estate collapse, demographic aging, exports plummet, and recent economic news paint a picture underscored by Alex in his Japan example of lost decades after the 1989 peak.
Headline Round Up
*Long US Treasury Bond Yield Hits Highest Since 2008!
*New Single Family Home Construction Rises 6.7%
*Warren Buffet’s Berkshire Hathaway Buys Over $700 Million in Arlington Based DR Horton Shares.
*Inflation Raises Average Household Costs By Over $700 Per Month.
*Wall Street Raising Billions to Scoop Up Commercial Real Estate.
*Goldman Sees Fed Cutting Rates in First Half of 2024.
*Japan’s Economic Growth 6% in the Second Quarter!
*Regulators Gone Wild? A Wall Street Journal Opinion piece.
*AI Salaries Rise to as Much as $900,000 Annual Pay.
*Tesla Cuts Model S and Model X Prices by $10,000 for new Standard Range models.
*Streaming Inflation: Prices up 25% in a Year for many online providers.
*European Natural Gas Spikes 40% as Strike Risk in Australia Could Shut Down 10% of Global Supply.
*Global Oil Demand Hits Record High of 103MM barrels in June!
Mergers and Acquisitions:
*Energy Transfer Buys Crestwood for $7.1 Billion in stock.
Skid Row:
*Proterra Leaves $1.6 Billion in Debt After $6.7 Billion in Market Capitalization Evaporated.
*Vinfast, a Vietnamese EV Startup Spikes to $86 Billion in Value vs GM and Ford Market Cap is Less than $50 Billion each.
*Hawaiian Electric Drops 63% Over Maui Fire.
iShares 20+ Year Treasury Bond ETF (12/30/2022 – 08/18/2023)
– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for Q3 2023
– Courtesy of The Atlanta Federal Reserve
Dow Jones Industrial Average Index Year to Date (12/30/2022 – 08/18/2023)
– Courtesy of Bloomberg LP
AT&T Total Return (08/18/2003 – 08/18/2023)
– Courtesy of Bloomberg LP
Abbvie Inc. Total Return (12/10/2012 – 08/18/2023)
– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Total Return (07/28/1993 – 08/18/2023)
– Courtesy of Bloomberg LP
Chevron Total Return (08/18/2003 – 08/18/2023)
– Courtesy of Bloomberg LP
Proterra Inc. Since Inception (11/24/2020 – 08/18/2023)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Top 10 and Bottom 10 (05/18/2023 – 08/18/2023)
– Courtesy of Bloomberg LP
Profit Report
Why should investors hire McGowanGroup Wealth Management (MGWM) to build Energy and Global High Yield portfolios?
