The unique NetWorth Radio broadcast provides meaning to investors by delving deep into the most important headlines. By popular demand, Spencer McGowan now broadcasts his weekly Advance Report Radio shows in video format. Check back each week for the latest financial news and insights!
Economic and Financial Market Impacts? Iran, Russia, Ukraine
According to reports from both Russian and Western media, Ukrainian strikes have severely damaged Russian oil refineries. This has knocked out roughly 7% of global refined petroleum capacity—a disruption that will likely take years to repair.
*Ukraine has expanded the range and the types of targets in Russia.
*No deal with Iran and the US. Strikes and counterstrikes continue.
*Refining crack spreads at record levels.
*Oil resumes uptrend.
*The Future of Wealth Management.
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McGowanGroup Wealth Management Q3 2026 Client Updates
Executive Summary
*The Strait & The Supply: The aftermath of Operation Epic Fury.
*The Tech Horizon: Measuring the historic, AI-powered first half.
*Pockets of Froth: Identifying dangerous overpricing in the AI sector.
*Where institutional capital is potentially neglecting deep value.
*Summer Planning Season: estate and tax planning updates.
Here Comes the Tricky Part!
Q: Should investors buy Bitcoin Exchange Traded Funds (ETFs)?
A: So far, the premise of massive money flows into Bitcoin driven by the launch of ETFs has not come to fruition. The charts below for Fidelity and BlackRock ETFs illustrate that point for now.
Q: Why are the equity markets “smooshy” year to date?
A: The McGowanGroup sees three factors at play. 1. The December celebration rally corresponded to the likely Federal Reserve’s reversal to lower interest rates has not yet occurred. 2. Current Earnings Reports have been mixed. 3. The 10 Year U.S. Treasury yield has spiked to over 4.13% at the highs this week. Stay tuned to this week’s program as Spencer McGowan and Alex Tollen breakdown insights for investors.
CryptoMania, Artificial Intelligence Mania & Weight Loss Mania?
Q: What was this week’s news regarding the major Bitcoin Drama?
A: Monday Bitcoin spiked to near $48k per coin when a seemingly authentic tweet from the SEC’s X account announced approval of Spot Bitcoin Exchange Traded Funds (ETFs). A short time later, the SEC tweeted that their X account had been hacked & the previous message was unauthorized. At the end of the week the SEC did approve Bitcoin ETFs setting the stage for another speculative frenzy over what we like to call “Digital Beanie Babies”.
Q: Should investors trade the approval of the Spot Bitcoin ETFs?
A: McGowanGroup clients currently have great assets with impressive gain potential in their portfolios. After a very impressive two years of outperforming the indexes in our model portfolios, The McGowanGroup will not be adding Bitcoin ETFs to our managed portfolios at this time. The McGowanGroup is focused on real assets with more predictable outcomes, but we will work with clients interested in personalized customizations.
Q: What is the Artificial Intelligence (AI) Supercycle?
A: According to inGen Dynamics: “The AI Supercycle refers to the period of unprecedented growth and innovation in artificial intelligence technology that we are currently witnessing”.
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In April 2025, McGowanGroup Asset Management was named by Forbes and SHOOK Research, LLC as Forbes Best-in-State Wealth Advisors 2025 based on the period 6/30/23-6/30/24. We did not pay to receive this award. A licensing fee was paid solely to use the rating in approved marketing materials. Award criteria may not directly reflect the quality of investment advice. The full methodology is available
here.
In October 2025, McGowanGroup Asset Management was named by Forbes and SHOOK Research, LLC as Forbes Top RIA Firms in 2025 based on a measure of each firm’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms from the past year. A licensing fee was paid solely to use the rating in approved marketing materials. Award criteria may not directly reflect the quality of investment advice. The full methodology is available here.
