NetWorth Radio Advance Report - September 24, 2018

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 September 24, 2018.

Advance Report

Radio Show

Powerful Interviews

Our NetWorth Radio Texas Business Leadership series continues with Recurrent Investment Advisors Brad Olsen, a Houston based energy infrastructure expert with deep insights based upon institutional research.


Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).
From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.
Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.
  • Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.
  • Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.

Headline Round Up and Top Surprises of 2018!


*New Highs for the Dow and S&P 500!
Dow Jones Industrial Average Index (Approx. 3 Years)

-Courtesy of Bloomberg

Standard & Poor’s 500 Index with Earnings Per Share (Approx. 3 Years)

-Courtesy of Bloomberg

*Pay Raises! Wage Growth Near 3%. Best Growth since 2011.
*The University of Texas Endowment Leading the Pack in Performance!
*Emerging Market Bond ETF Pulls in Record Cash!
*Over $400 Billion Comes Back to the United States in Six Months!
*China’s Tencent Worst Performing Stock in 2018!
*Telsa’s Elon Musk Unhinged Investor Relations?
*Beware the Cannabis Trading! “Fast and Loose.”
Tilray Inc. (Approx. 2 Months)

-Courtesy of Bloomberg

Tesla Inc. (Approx. 10 Months)

-Courtesy of Bloomberg

 

The Cash Flow Revolution:

*Fed Meeting Announcements Coming September 26th! What does in mean for 2019?

 

Research Round Up!


Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
Strategy: Capturing Balance Sheet Recovery!Recurrent MLPs - from Balance Sheet Recession to Recovery - July 2018

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