Q: What important service does McGowanGroup Wealth Management provide to clients to make tax time easier?
A: MGWM provides automated delivery of all tax forms directly to your chosen CPA through a secure document vault before the end of the year.
Q: What does the Personal Consumption Expenditures Index (PCE) tell us about the current Federal Reserve’s (Fed) tightening interest rate cycle?
A: One of the Federal Reserve’s important inflation measures is the year over year PCE. For the trailing year, inflation dropped to 5% and core inflation 4.6% meaning that the Fed reached their stated target for the Federal Funds Rate.
Q: What are some of the reasons the 10-year U.S. Treasury Note yield fell to just 3.25% when the current overnight rates are 5%?
A: Recession fears, expectations of lower interest rates in 2024 & Disinflation evidence.
C.B.O.E. Short-Term Interest Rate Index & 10 Year Treasury Note Yield Index (04/06/2021 – 04/06/2023)
– Courtesy of Bloomberg LP
U.S. Personal Consumption Expenditures Chain Type Index, Year over Year Seasonally Adjusted & Federal Funds Target Rate – Upper Bound (02/24/2021 – 04/03/2023)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average (04/07/2018 – 04/06/2023)
– Courtesy of Bloomberg LP
Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 – Q1 (04/05/2023)
– Courtesy of The Atlanta Federal Reserve
U.S. New York Fed Equifax Flow Early Delinquency 30+ Days Auto Loans (12/31/2002 – 12/31/2022)
– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (12/30/2022 – 04/06/2023)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 – Oil and Gas Exploration and Production, Industry Total Debt to Total Assets (04/13/1993 – 04/06/2023)
– Courtesy of Bloomberg LP
Headline Round Up
*Veteran Investor & Yardeni Research President, Ed Yardeni, Says S&P 4600 by the End of the Year? Bozo or Sir John award winner?
*Saudi Surprise Production Cut Sends Oil to Over $80 Per Barrel. What is the real story on the reasons behind these cuts?
*The Highest Dividends in the S&P 500 Are In The Energy Sector!
*Grounded! Billionaire Richard Branson’s Virgin Orbit Files for Bankruptcy. Why?
*FedEx Raises Dividend 10%. What do recent 2024 earnings projections tell investors?
*Home Prices Jump in February 2023!?
*Sales of Apartment Buildings Drop 74% Year over Year in Q1 2023!
*China Has the Equivalent of 4 Million Unsold Homes and Apartments as of February 2023?
*Ford’s Q1 Sales Up 10%!
*Top Energy Analyst & Sankey Research LLC Founder, Paul Sankey, Predicts $100 Per Barrel Oil Likely by Summertime Due to Slashed OPEC+ Output.
*How Did Jimmy Buffett Become a Billionaire?
*Austin and Dallas are in The Top 5 Jobs Markets Nationwide!
Profit Report
Whatever happened to those Non Fungible Tokens (NFTs)?
