“Alice: Would you tell me, please, which way I ought to go from here?
The Cheshire Cat: That depends a good deal on where you want to get to.
Alice: I don’t much care where.
The Cheshire Cat: Then it doesn’t much matter which way you go.
Alice: …So long as I get somewhere.
The Cheshire Cat: Oh, you’re sure to do that, if only you walk long enough.”
― Lewis Carroll, Alice in Wonderland
Q: Which way should investors go with turmoil in the financial markets?
Q: What are some strategies that are currently likely to prevail, long term, based upon forward equity return estimates?
Q: What are some possible outcomes for investors regarding the equity markets in 2026 and 2027?
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Headline Round Up
*Dow Jones Futures Trading Range This week was Greater Than 10%! Futures range was 36,600 – 40,300!
*Restoration Hardware CEO Gary Friedman’s Expletive After 44% Drop in Stock Price Due to Tariffs!
*Inflation? Business Owners Hike Prices Rattled by Trump Tariffs.
*U.S. Civil Servants Spent Nearly 13.8 Billion on Citigroup Cards in the Last Government Fiscal Year! Almost 20% of the $70 Billion charged to Citigroup Commercial Cards by all its clients in 2024 & DOGE is now reviewing spending.
*JPMorgan CEO Jamie Dimon: Tariff Policy Issues Must Be Resolved Quickly. “Negative Effects Increase Cumulatively Over Time and Would be Harder to Reverse…”. Elevated Prices and Slower Growth, too?
*Cryptocurrency Trump Rally Evaporates Almost All Gains Since Trump’s Win in November!
*U.S. Treasuries Price SmackDown?
*U.S. Treasury Secretary Bessent Sees “Good Deals” Potential as Administration Works Trading Partners Priority List.
*Tax Free Municipal Bonds Hit Bargain Trading List!
NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Author Dean “PappaDean” McGowan About His New Book: Keeping Your Money – Real Advice on Wise Investing!
*Don’t Miss the Special Chapter “Stupid Things People Do with Their Money”*
After receiving his BS in Business Administration with a minor in engineering from UT Austin in 1960, author Dean McGowan began his journey in wealth management as a financial advisor and mutual and pension funds manager with Schneider, Bernet & Hickman, where he was the youngest partner in the firm throughout the early seventies. In 1974 McGowan joined Paine Weber as assistant branch manager and went on to found the North Dallas branch of what later became UBS Financial Services. Before retiring from UBS in 2019, McGowan would also found the McGowan, Vehslage, and Goldberg advisory group (MVG Wealth Management).
McGowan also proudly served three years on the New York Stock Exchange committee, during which he and other committee members rewrote the entire battery of three thousand questions for the Series 7 (General Securities Representative) Exam, whose passing completion is required by brokers and other financial professionals in the U.S.
Volunteering in his community has remained equally important to McGowan. For ten years he served as a board member of the UT Dallas Naveen Jindal School of Management in Richardson, Texas, where he mentored MBS students for eight years and served as a member of the school’s financial department for four.
McGowan has additionally been grateful to have had the privilege of serving as Treasurer, Chairman of the Elders, and Chairman of the Board for Community Christian Church in Richardson, as well as teaching Sunday school and serving in a lifestyle-coaching role for several years at Christ United Methodist Church’s Project Hope in the city of Plano.
Invesco QQQ Trust Series 1 – Daily (12/31/204 – 04/10/2025)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Daily (12/31/2024 – 04/10/2025)
– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price – Daily (12/31/2024 – 04/10/2025)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index – Daily (01/01/1970 – 12/31/1979)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index – Daily (01/01/1980 – 12/29/1989)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index – Daily (01/01/1990 – 12/31/1999)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average Index – Daily (01/01/2000 – 12/31/2012)
– Courtesy of Bloomberg LP
Profit Report
Financial market lessons from the 70’s, 80’s, 90’s, and 2000’s
Don’t let your mom find out about the guy who’s a Navy Seal, Harvard Doctor & NASA Astronaut!
The estimated long term value of a wealth manager from SmartAsset.
