Published on: May 20, 2022

NetWorth Radio Advance Report - May 23, 2022

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 May 23, 2022.

Advance Report

Radio Show

Is a Recession looming?
Is this a Bear market?
How does this compare to the performance of the equity markets in 2018?
Why was Target’s target missed?
New Twitter stock bid $34.20?
Is the High Yield sector a bargain?
What are Dividend Growers?
How do investors identify them?
What events could end the 2022 Bear market?


Headline Round Up

*Federal Reserve Chair Powell Says, “Beatings will Continue Until Morale Improves!”
*Longer Term Global Government Bond Yields Fall?
*Cash Levels Highest Since 2001. Is a financial market bottom in the works?
*High Yield Spreads Highest in Two Years.
*Goldman Sachs Says 30% Chance of Recession in Next 2 Years. Does that mean 70% not likely?
*Household Debt Highest Since 2019 and Missed Subprime Payments Rising. Are households running out of discretionary spending power?
*Walmart, Target, Home Depot, & Lowe’s Quarterly Results. What does this tell us about consumers and the stock market?
*Dethroned Billionaires SPAC’s and the Chinese?
*Warren Buffett Buying Dividend Growers!
*Tech Startup Party OVER!
*Elon Musk Calls ESG (Environmental, Social & Governance) a Scam! What is ESG and who decides it?
*Allianz Hedge Fund Manager Busted with a Lie by SEC Runs to the Restroom and Never Comes Back?
*U.N. Declares Fossil Fuels a “Dead End?”
Energy Select Sector SPDR Fund (12/31/2021 – 05/20/2022)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average (12/31/2021 – 05/20/2022)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index and U.S. Consumer Price Index – Urban Consumers, Year Over Year, Non-Seasonally Adjusted (01/01/1978 – 12/31/1982)

– Courtesy of Bloomberg LP

Quarterly Standard & Poor’s 500 Index – Earnings Estimates/Forecast (05/20/2019 – 05/20/2022)

– Courtesy of Bloomberg LP

ICE Bank of America U.S. High Yield Index, Option Adjusted Spread (1998 – 2022)

– Courtesy of ICE Data Indices, LLC

Bloomberg U.S. Corporate High Yield Average Index, Options Adjusted Spread (05/20/1997 – 05/19/2022)

– Courtesy of Bloomberg LP


Profit Report

Nuveen: What would end the 2022 bear market?
Why buy “Dividend Growers?”
When is High Yield credit a bargain?


Research Round Up!

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*Nuveen: Where to go now and what ends the current correction
*Cohen & Steers: Own Real Assets!

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