Published on: April 12, 2024

NetWorth Radio Advance Report - April 15, 2024

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 15, 2024.

Advance Report

Radio Show

Q: Why did the Dow Jones Index drop 1600 points, approximately 4%, from its all-time peak during April?
A: Hot sticky Inflation! The Consumer Price Index (CPI) inflation report for February and March was .4% each month which would annualize near 5%. The likely delay in interest rate cuts resulted in selling of long U.S. Treasury bonds and stocks. Interest rate cut probabilities now in September.
Q: Interesting quote of the week?
A: Matthew McConaughey: “My star meter has been higher; my star meter has been lower. I’ve won Oscars. I’ve been arrested playing the bongos naked.” Mr. McConaughey’s net worth is recently estimated at $170 million.


Headline Round Up

*Legendary Investor Bill Gross: “I love MLP (Master Limited Partnership) pipelines . . .Better than AI (Artificial Intelligence).” for Income. Which ones?
*What Investment Play Did Bill Gross Make in Trump Media? Options of course!
*Fiscal Wage Push Inflation: New Job Gains in March Were in Healthcare, Government & Construction!
*Atlanta Federal Reserve’s Real GDPNow at 2.4% Economic Growth for Q1 2024.
*$100 Per Barrell Oil Prediction on Iran Attacking Israel?
*Jamie Dimon Warns of Potential Interest Rate Spike in the Years Ahead Due to Deficit Spending & Geopolitical Stressors?
*Texas Based Dell Technology, Inc. Gaining Steam. Up 217% in the past year.
*Nvidia Drops Over 10% from All-Time Highs This Week While Google Expands In-House Axion Chip Making Endeavors.
*Meatpacking Industry Investing in Automating Notoriously Difficult Jobs? Robots Slicing Barbecue Ribs?
*Samsung Awarded $6.6 Billion Microchip Subsidy for Taylor, Texas Expansion.
*Wells Fargo Securities, LLC Raises S&P 500 Index Target to 5,535 from 4,625. Total increase in target up 20% since Q4 2023, Why?
*Blackstone’s Bullish $10 Billion Deal for an Apartment Landlord. REIT’s spike?
*Boeing’s Top Executives Took Personal Trips Worth $500,000 on Company’s Private Jets?
*Citigroup Index Shows Short Term Profit Projections are Rising!
*The Podcast Host That Manages $1.6 Trillion and Has Famous Business Leader Guests and Listeners: “In Good Company” helmed by Nicolai Tangen, CEO of Norges Bank Investment Management.
*Pipeline Capacity Shortage: Natural Gas Spot Prices Fall to Negative Price in Permian Waha Hub.
*Enterprise Products Partners Issued License for New Sea Port Oil Terminal (SPOT). Final investment decision will determine estimate on construction timing.
*Ivy League Tuition for 2025 Tops $90,000 Per Year? $360,000 target for 529 accounts?


Dow Jones Industrial Average Index (12/29/2023 – 04/12/2024)

– Courtesy of Bloomberg LP

U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (01/31/2000 – 03/31/2024)

– Courtesy of Bloomberg LP

Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 04/12/2024)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)

– Courtesy of Bloomberg LP


Profit Report

The New Dividend Units Model Portfolio by McGowanGroup Wealth Management (MGWM)!


Research Round Up!

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*Cohen and Steers: The Flawed Consensus on Energy Investing
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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