Published on: February 24, 2023

NetWorth Radio Advance Report - February 27, 2023

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 February 27, 2023.

Advance Report

Radio Show

A: Another sell off in the financial markets ahead of the Federal Reserve raising Interest Rates combined with business preparing for slowing growth.
Q: If I cannot rely on a rally in the equity markets, what should I be doing?
A: Increase forward cash flow in assets that are undervalued.
Q: How are successful investors different from those that make big mistakes?
A: One major difference, The McGowanGroup sees, is an investor’s steadfast commitment to own great assets when attractively priced.
Q: Where could investors find some of the most attractive cash flowing investments right now?
A: Potentially Treasury Bills or Better.
Dow Jones Industrial Average (12/30/2022 – 02/24/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index (12/30/2022 – 02/24/2023)

– Courtesy of Bloomberg LP

U.S. Personal Consumption Expenditure Core Price Index –  Month Over Month, Seasonally Adjusted (01/31/2021 – 01/31/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2022 – 02/15/2023)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Estimates (02/24/2021 – 02/24/2023)

– Courtesy of Bloomberg LP

Quarterly U.S. Economic Forecasts With Probability of Recession (Q1 2022 – Q2 2024)

– Courtesy of Bloomberg LP

Evolution of Atlanta Fed GDPNow Real GDP Estimate for 2023 (02/16/2023)

– Courtesy of The Atlanta Federal Reserve

Headline Round Up

*Oil and Gas Companies Continue to Book Record Cash Flow and Profit, Again!
*Morgan Stanley Starts of the Week Declaring a “Death Zone?”
*Leuthold’s Chief Investment Strategist, Jim Paulsen, Says S&P 500 Will Hit 5000 in the Coming Year & This is the Start of a New Bull Market! Who will win the Sir John Templeton Award and who will win the Bozo Award?
*Nurse’s Side Hustle Banks $2 Million Net Profit Last Year!
*Vanguard “Not in the Game of Politics” and Refuses to Rule Out New Fossil Fuel Investments.
*Existing Home Sales Lowest Since October 2010.
*AI Writes A Great Article on Business Valuation!
*Global Oil Demand Record Hit in December 2022.
*Morgan Stanley Forecasts for Global Oil Demand Raised By 36% or an Increase to 1.9 Million Barrels Per Day by 2024.
*Natural Gas U.S. Glut Due to Weak Winter Heating Demand & Freak Industrial Outage.
*Kitchin Cycle Predicts Higher Oil and Gas Prices Potentially by Year End.
*Home Depot No Growth in Sales for First Time in 2023.
*Walmart Lowers Guidance After Good Results in Q4 2022. Weaker than expected outlook for 2023.
*Global High Yield Bond Spreads Highest Since 2009?
*Business Activity Stronger Than Expected in the U.S., Eurozone & U.K.!
*Germany Extends Nuclear Plants Poised to Close in 2022 Until April 2023.


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*PIMCO: Growing Demand, Tight Supply for Commodities in 2023.

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