NetWorth Radio Advance Report - November 25, 2019

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 November 25, 2019.

Advance Report

Radio Show

This Long Steady Boom

The 2020 Portfolio

Building for 2030 Success

Dow Jones Industrial Average Index (Approx. 3 Years)

– Courtesy of Bloomberg LP

Global Economy Watch – Multinational including U.S. for GDP, Surplus, CPI and Jobs  (Various Dates – U.S. September & October 2019)

– Courtesy of Bloomberg LP

Treasury and Money Market Rates – United States (As of 11/2019)

– Courtesy of Bloomberg LP

Horizons Marijuana Life Sciences Index ETF – Canadian Dollars (Approx. 3 Years)

– Courtesy of Bloomberg LP

MAC Global Solar Energy Index (3 Years)

– Courtesy of Bloomberg LP

MGAM Energy Infrastructure Basket – ClearBridge MLP & Midstream Fund Inc.( CEM), ClearBridge Energy Midstream Opportunity Fund Inc.(EMO), The Global X MLP ETF(MLPA), and Recurrent MLP & Infrastructure Fund(RMLPX) (12/31/2018 – 11/21/2019)

– Courtesy of Bloomberg LP

Headline Round Up!

*Housing Market Still Healthy!
*Existing Home Sales Up 4.6% in 12 Months and Median Prices Up Over 6%.
*Building Permits Highest Level in 12 Years.
*Credit Suisse Says “Extraordinary” Rally Can Extend into 2020?
*Texas Salaries Growing Faster Than New York!
*Midland, TX Per Capita Personal Income Over $122,000 Per Year.
*The Fed Removes Trade War Recession Danger Reference, Economy is “Resilient.”
*China and United States Institutionalize Ongoing Trade Negotiation Platform.
*The Immortal Henry Kissinger Warns of WWIII Danger (or is it WWWIV or WWV?)
*Oops! Tesla’s Bullet Proof Truck Not Bullet Proof in His Demonstration. Musk’s Expletives Punctuate Presser!
*Tech Rally of 2019 Best Since 2009? Overpriced?
*Ford’s New Electric SUV Mustang! Mustang Mach-E.
*Uber’s Founder Kalanick Bailing Out???
*The Best Economy the World Has Ever Known?
*Is the Repo Crisis Solved? The Stigma attached to the Fed’s Discount Window Slams Shut the Source of Borrowing Which Moved to Repo.
*Target’s Bullseye!
*Earnings Updates! Profit Matters! Who Missed?
*Kylie Jenner Selling Control of Her Cosmetics Line for $600,000,000.
*HP and Xerox Dancing Together for Merger. HP Says Pay Up!
*Beware of Indexing! Hong Kong Demonstrates Dangers.
*Apple vs All Energy Companies

Texas Black Gold Rush!

*BOOM: Biggest Metro Pay Raises Right Here in Texas. Midland’s Per Capita Personal Income Over $122,000 Per Year.
*ConocoPhillips Buying Back $30 Billion of Stock! Cheap Enough to Put Their Money Where Their Assets Are?
*Kelcy Warren Buying His Own Energy Transfer Shares? Cheap Enough? Could Energy Transfer Take Itself Private? Longer Term Investors Take Note.
*U.S. Fast Track to Carbon Reduction: 4 More Liquefied Natural Gas (LNG) Projects Approved.
*ExxonMobil Plans to Divest $25 Billion In Face of Credit Downgrade Threat. What Will They Sell?
*U.S. Posts First Petroleum Trade Surplus In Over 40 Years!
*OPEC For NatGas? Qatar and Russia Conspiracy Would Control 2/3 of Market?
*Big Oil Taking Over Permian From Smaller Weaker Companies. Inequality!!!
*No Dividend Cuts for Pipelines!

 

Profit Report!

*Stay Tuned PappaDean’s 3 Minute Update Coming! Paul Harvey Meet Your Financial Match, Good Day! 
*What Inflation?
*Leslie’s 2019 ‘Twelve Days of Christmas’ costs up just 0.2%.
What’s the price of true love this holiday season?
Purchasing the gifts included in the song “The 12 Days of Christmas” rings up to $38,993.59, just 0.2 percent or $67.56 over the 2018 price, according to the 36th annual holiday economic analysis by Pittsburgh-based PNC Financial Services Group Inc.
“Despite the stock market hitting record highs recently, it is a welcome gift for the holidays that the PNC Christmas Price Index stayed relatively flat this year,” Amanda Agati, chief investment strategist for PNC Asset Management Group, said in a release issued on Wednesday. “However, the scrooges of the season are the gold rings which saw the biggest year-over-year price increase in the index, and prices for some of our fowl friends which are truly foul.”
Among the findings:
The price for Turtle Doves was down 20 percent, the first drop in price since 2004.
After falling in 2018 due to less demand and fluctuations in gold prices, Gold Rings rebounded with a 10 percent increase.
For the second year in a row, geese saw a substantial rise in price, gaining 7.7 percent, largely due to an increase of interest in backyard farming.
To mirror the government’s core CPI, which excludes food and energy prices, PNC (NYSE:PNC) removes the Swans, typically the most volatile item in the index.
The PNC Christmas Price Index also calculates the cost of “The 12 Days of Christmas” gifts purchased on the internet. Due to travel and shipping costs, True Loves will have to pony up $42,258.91 – $3,265.32 more than in-store purchases – for the convenience of online shopping this year.
As part of its annual tradition, PNC also tabulated the “True Cost of Christmas,” which is the total cost of items bestowed by a True Love who repeats all the song’s verses. Purchasing all 364 gifts requires $170,298.03, down $64.23 from last year.
*Tax Loss Harvesting Impact and What to Do About It.
*Trust Fund Baby Boomers: How Much Money Did Boomers Inherit? 9 Trillion?

 

Research Round Up!

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*BlackRock’s 2020 OutlookVital Update: High Income Survival Guide
*The Future of High Yield! Good Management Vital As Yields Decline Globally

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