Published on: April 6, 2023

NetWorth Radio Advance Report - April 10, 2023

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 April 10, 2023.

Advance Report

Radio Show

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)?


Research Round Up!

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*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.

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