NetWorth Radio Advance Report - August 26, 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 August 26, 2019.

Advance Report

Radio Show

This week’s meeting at Jackson Hole Wyoming was attended by 45 central banks, 25 Federal Reserve officials, 5 “government officials,” 8 financial companies, and 24 “academics.” Notable, that no actual business owners or CEO’s other than banks were invited for the annual money confab.
What does it mean for interest rates?
What does it mean for the markets and investors like us?
Why is the world upside down?
Why do Europeans wear wrinkly suits?

Headline Round Up!

*Negative Rates? Denmark Negative Mortgage Rates?
*US Might Sell 50 and 100 Year Bonds. Hyper duration risk trading vehicle?

Economic Updates:

*Home Builder Stocks Soar on Cheap Mortgages! Forth Worth based DR Horton multiple 52 week highs.
*Existing Home Sales 5 Month High. Housing not dead yet?
*Europe Auto Recession?
*Bureau of Labor Statistics Miscalculates Jobs by ½ Million People. Bet those people are pissed!
*Manufacturing Contracts for First Time Since 2009? Wasn’t that the beginning of a 10 year expansion.
*Target Bullseye! 17% Profit Gains. Same Store Sales up 3.4% (Walmart sales up too)! Not a recession yet.
*Lowes 2.3% Same Store Sales Increases.
*Weak Retailers on Death Row?
*We Work Won’t Work. Beware the IPO
*Elon Musk: PANTS ON FIRE! Tesla Sued by Walmart for Solar Panels that Catch Fire.
*Hey President Trump: Where are Those Spending Cuts? Deficit Over $1 Trillion?
*Tariffs Updates: Clothes and Huawei Sanctions.
Dow Jones Industrial Average (2 Year Chart)

-Courtesy of Bloomberg L.P.

Chicago Board Options Exchange Short-Term Interest Rate, 10 Year Interest Rate, 30 Year Interest Rate (2 Year Chart)

-Courtesy of Bloomberg L.P.

World Bond 10 Year Yield Grid

-Courtesy of Bloomberg L.P.

IWG PLC (Inception to Date)

-Courtesy of Bloomberg L.P.

Tesla Inc (Inception to Date)

-Courtesy of Bloomberg L.P.

Dow Jones Industrial Average (Intraday ~1.5 Hour Chart)

-Courtesy of Bloomberg L.P.

CBOE 10 Year Treasury Note Yield Index (Intraday ~1.5 Hour Chart)

-Courtesy of Bloomberg L.P.


Texas Black Gold Rush

*LNG: 6th Export Terminal Adds to that Giant Sucking Sound!
*US Leads World in Petroleum and Natural Gas Production Growth!
*Hess Top Oil and Gas Stock Best of 2019 So Far, 50% YTD Gain!
*Mexico Shake Down for $900 Million to Open Up New Pipeline.
*Kinder Sells Pipes for $3.3 Billion in Cash!
*Aramco IPO Selects Lazard As Lead Sales Artist. Good luck with that.

Research Round Up!

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*Alliance Bernstein: Why Today’s Inverted Yield Curve Isn’t Necessarily a Recession Warning
*Guggenheim’s Scott Minerd: The Fed’s Sugar High?

 

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