Published on: April 19, 2024

NetWorth Radio Advance Report - April 22, 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 22, 2024.

Advance Report

Radio Show

Q: How did the financial markets react to Iran’s direct attack on Israel recently?
A: Initially, equity prices rose Monday in pre-market trading and oil prices fell slightly. The reaction was contrary to prior money flows during Middle East escalations. The Dow Jones Industrial Average has lately descended to near break- even for the year since its March peak.
Q: Does Regulation drive Inflation?
A: The graph of 60 years of overall Federal regulations versus inflation appears correlated, but investors should be aware that correlation does not necessarily imply causation. In depth analysis should always be conducted to ensure accurate results.


Headline Round Up

*Ya’ll Street: Surprising Bad News for Uptown Office Real Estate?
*Dallas’s West End to Boom Again?
*Some of Wall Street’s Scenarios on Israel-Iran Conflict.
*Pension Funds Pulling Hundreds of Billions from Stocks? Where are the funds going?
*Crude Oil Prices Drop on Large Inventory Build.
*European Natural Gas Prices Soar from Intensified Russian Attacks on Ukrainian Energy Infrastructure.
*Goldman Sachs Profit Up 28% in 1st Quarter from Firm’s Traditional Revenue Sources.
*Big Bank Earnings Stronger than Expected in Q1.
*Electric Vehicle (EV) Battery Breakthroughs Coming Within the Next Five Years?
*Big Tech Companies Downsizing Office Space?
*Microsoft Artificial Intelligence (AI) Copilot Starting to Automate Coding Industry.
*U.S. Retail Sales Up .7% in March More Than Double Forecasted .3% from Economists Polled by The Wall Street Journal.
*The Atlanta Federal Reserves’ Real GDPNow Q1 Estimated at 2.9% This Week.
*26 Year Old Etsy Candle Seller Works 20 Minutes a Day & Generated $462,000 in Revenue Last Year.
*Texas Walmart Store Manager Banks $240,000 Per Year.
*SEC to Track Personal Information of Every Investor in Real Time Via the Consolidated Audit Trail (CAT) System, Says Former U.S. Attorney General William Barr.
*Tallest Skyscraper in America Planned for …Oklahoma City?
*Morgan Stanley Flips from Bear to Bull on EBay over EBay’s Use of Generative AI.
*Ozempic & Wegovy “Oops” Babies?
Skid Row
*Tesla Down 38% So Far This Year.
*Red Lobster in the Red & Looking to Restructure Debt in Bankruptcy.
*Home Solar Boom, Busts? Market for rooftop solar beleaguered by high interest rates, tight credit & shrinking solar incentives.
*McKinney Based Globe Life, Inc. Implodes on Lawsuits, Investigative Reporting & Federal Investigations.


Dow Jones Industrial Average Index (12/29/2023 – 04/19/2024)

– Courtesy of Bloomberg LP

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

– Courtesy of Bloomberg LP

Generic Crude Oil Futures Contract Spot Price (12/29/2023 – 04/19/2024)

– 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 – 04/19/2024)

– Courtesy of Bloomberg LP

McGowanGroup’s Federal Register Page Numbers vs. Consumer Price Index Year over Year Changes (04/2024)

– Courtesy of McGowanGroup Asset Management : Information provided is pulled from generally reliable sources and compiled for illustrative purposes only. Additional information regarding methodology is available upon request.

iShares Global Clean Energy Exchange Traded Fund (04/21/2019 – 04/19/2024)

– Courtesy of Bloomberg LP


Preston’s Lane

2024 Master’s Winner Scottie Scheffler’s Net Worth and Fun Facts.


Profit Report

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


Research Round Up!

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*AllianceBernstein: AI Driven Spending Boom and Supercycle
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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