McGowan Group Asset Management

Hot Summer for Tech?

Q: What are some of the reasons technology stocks were roasted in the equity markets this week?
A: It appears that profit taking started after the July 10th peak in the Nasdaq 100 index. Recently, Tesla reported a 43% drop in profits from last year and selling accelerated in the tech sector. High stock valuation multiples, slowing growth rates for companies, and Artificial Intelligence (AI) related capital expenditures appear to be key factors.

Q: What was some good news for the financial markets this week?
A: Second quarter U.S. Gross Domestic Product (GDP) growth was reported at a healthy 2.8%! The Atlanta Federal Reserve’s Real GDPNow estimate was 2.6% on July 24 underscoring the value of those estimates.

Hot Summer for Tech? Q: What are some of the reasons technology stocks were roasted in the equity markets this week?A: It appears that profit taking started after the July 10th...

2024-2025 Harvesting Strategies?

Q: Based upon current financial market conditions, what are the strategies to raise tactical safety.

A: The Tree and the Fruit: harvesting 10-30% of highly appreciated positions? Premium bond and bond fund harvests before and after the first potential rate cut(s)? Hard sell alerts for underperformers that break support? Selling a portion of highly appreciated growth funds?

Q: Where do economists think we are headed?

A: Stay tuned for WSJ’s latest survey.

2024-2025 Harvesting Strategies? Q: Based upon current financial market conditions, what are the strategies to raise tactical safety.A: The Tree and the Fruit: harvesting 10-30% of highly...

Top Financial Market Surprises So Far in 2024?

*Impressive Equity Market Returns!
*Artificial Intelligence (AI) Mania.
*AI Fail: IBM’s Watson Gets Fired from McDonald’s?
*Weight Loss Mania.
*The Controversial Return of Meme Stock Investor Roaring Kitty.
*Morgan Stanley’s Bearish Chief Investment Officer, Mike Wilson, Reverses Course.
*Persistent and Sticky Inflation Numbers?
*The Federal Reserve Delays Interest Rate Cuts?
*Electric Vehicles Hit the Wall?
*Gross Domestic Product (GDP) Growth Forecasted 3% for Second Quarter.
*Bitcoin Exchange Traded Funds (ETFs) Launch Drives Cryptocurrency Rally Before Pulling Back on a $10,000 Per Coin Correction.
*Argentina Runs a Budget Surplus and Inflation Plummets, But at What Cost?
*It Ain’t Easy Being Green: Electric Vehicle (EV) Maker Fisker, Inc. Bankrupt While Renewable Energy Companies SolarEdge Technologies, Inc. and Array Technologies, Inc. Plummet From a Year Ago.

Top Financial Market Surprises So Far in 2024? *Impressive Equity Market Returns!*Artificial Intelligence (AI) Mania.*AI Fail: IBM’s Watson Gets Fired from McDonald’s?*Weight Loss Mania.*The Controversial...

Charitable Planning Strategies

In this insightful video, we explore effective charitable planning strategies from brother Spencer McGowan (Texas ’83), owner of McGowanGroup Wealth Management, and his personal experience in maximizing impacts and benefits for your favorite non-profits and worthy causes close to your heart. Learn about tax-efficient giving, donor-advised funds, planned giving, and more. Whether you're an individual donor or part of an organization, this video will provide you with valuable tips and strategies to begin or enhance your philanthropic efforts. Join us as Spencer delves into creative ways to give back and discover how you can make a difference while also raising vital funds for Phi Kappa Psi. The McGowanGroup stands ready to assist you with your charitable giving goals while providing personalized advice for your specific needs. Don't forget to like, subscribe, and share this video with others who are passionate about serving others & making a positive impact!



📞214-720-4400 Contact us today to discuss your charitable planning needs!

McGowanGroup Asset Management, Inc. is a Federally Registered Investment Advisory Firm utilizing Pershing LLC, a BNY Mellon Company for asset custody. The information presented is for informational purposes only and recommendations are only made as part of an Investment Plan with the McGowanGroup. Actual results will vary for individual client accounts due to customization, strategy elected, advisory fee schedules, timing of additions and withdrawals, diversification, length of relationship, and size of positions among other reasons. Please remember that different types of strategies involve varying degrees of risk, and there can be no assurance on the future performance of any specific investment or investment strategy. Any questions or concerns with this presentation should be directed to our Compliance Officer at 214.720.4400 or at [email protected]

Charitable Planning Strategies 📞214-720-4400 Contact us today to discuss your charitable planning needs! McGowanGroup Asset Management, Inc. is a Federally Registered Investment Advisory ...

Y’all Street: The Texas Stock Exchange!

Q: Where will the newly announced Texas Stock Exchange be located? Who is backing this venture & why is the exchange being founded in the first place?
A: Stayed tuned to this week’s show as Spencer McGowan & Alex Tollen dig into the important answers!

Q: What are some of the top Financial Surprises for investors in the 1st Half of 2024?
A: The Dow Jones Industrial Index recently topped 40,000 for the first time. Federal interest rate cuts have been delayed. Price to Earnings multiples for companies have expanded. And Artificial Intelligence (AI) mania accelerates the data center boom to name a few.

Smackdown!

Q: At this week’s lows the Dow Jones Industrial Average (Dow Jones) had dropped about 2,000 points or 5% below its recent peak of over 40,000 two weeks ago. What are some of the key factors contributing to this decline?

A: Salesforce, Inc. reported as much as 8% revenue gain for the period ending this July, but lowered forward guidance resulting in a near 20% single day drop. Also, CNBC reported that preparation for the core Personal Consumption Expenditures Price Index (PCE) inflation announcement corresponded to additional selling motivation before Friday’s report. Lastly, recent spikes in long U.S. Treasury bonds have created additional pressures that have had a negative effect on the Dow Jones.

Smackdown! Q: At this week’s lows the Dow Jones Industrial Average (Dow Jones) had dropped about 2,000 points or 5% below its recent peak of over 40,000 two weeks ago. ...

Who processes your investment assets for your estate? Who guides your spouse and family through the complex process with diplomacy and experience? Your financial advisory team!

In this video, we reveal the 10 essential stages rooted in McGowanGroup Wealth Management's decades of expertise in estate planning and client family guidance.

💼 Stage Breakdown:
1. Retirement Plan Beneficiary Selections:
Avoid common mistakes in naming your IRA or 401k beneficiaries.

2. The Will:
Choose your Executor, Executrix, or Trustee wisely and provide your financial team with an executed copy.

3. The Revocable Family Living Trust:
Discover why a Living Trust could be more efficient and less disruptive than a will.

4. Coordination:
Leverage brainstorming and collaboration among your CPA, attorney, and financial advisor.

5. Trustee Bootcamp:
Equip your executor/trustee with the right contacts and skills for a seamless transition.

6. Charitable Planning:
Make smarter charitable gifts from highly appreciated assets and explore advanced strategies.

7. Updates for Tax Changes:
Prepare for upcoming tax changes and strategize for IRA beneficiary withdrawals.

8. Gifting & Irrevocable Trusts:
Understand gifting strategies and the role of irrevocable trusts for high-value estates.

9. Updates for Life Changes:
Learn how McGowanGroup provides expert guidance during significant family transitions.

10. Estate Processing, Distributions, & Logistics:
Ensure prompt ex*****on of journals, trust funding, and distributions with an experienced team.

📚 Further Resources:
1. [Estate Planning 101 - Investopedia](https://www.investopedia.com/articles/personal-finance/051816/estate-planning-101.asp)
2. [Understanding Estate Taxes - IRS](https://www.irs.gov/businesses/small-businesses-self-employed/estate-and-gift-taxes)

ℹ️ About McGowanGroup Wealth Management:
All McGowanGroup Wealth Management services are provided by McGowanGroup Asset Management, Inc., a Federally Registered Investment Advisory Firm utilizing Pershing LLC, a BNY Mellon Company, for asset custody. All material above is provided for informational purposes only and may not apply to your specific tax or investment situation.

📞 Contact us today to discuss your estate planning needs!

https://youtu.be/ReLx4QR6iB4

Big Trends?

Q: What are some of the likely explanations for the rally in natural gas prices over the last 90 days?
A: Naturalgasintel.com reports hungry for power data center expansion, surplus storage drawdowns, and potential bullish projections of $4.50 per million British Thermal Units (BTUs) for the beginning of 2026.

Q: What is likely one of the most important financial headlines so far for 2026?
A: The 2017 Tax Cuts and Jobs Act expires at the end of 2025 could increase taxes for U.S. Households in 2026.

https://youtu.be/bwI5w0Qa7kk

All Time New Highs for U.S. Equity Markets!

Q: What appeared to spur the rally to all-time highs on the major equity indexes this week?
A: Inflation eased in April below March and February levels. Although producer prices spiked .5% in April, the trailing 12 months at 2.2% is close to the Federal Reserve’s 2% inflation target. Consumer inflation increased at .3% for April, trailing 12 months at 3.4%.

Q: “Roaring Kitty” or Dead Cat Bounce? And what caused GameStop and AMC to spike nearly 200% at the peak this week?
A: In 2021, Keith Gill rose to social media prominence as “Roaring Kitty”. With his Reddit group of rookie traders, they identified major short positions of hedge funds and instituted strategies to create short squeezes which raised prices of the identified securities. After three years of silence, Roaring Kitty posted a series of X posts over the weekend spurring buying sprees in AMC and GameStop despite questionable financials.

All Time New Highs for U.S. Equity Markets! - McGowan Group Join Spencer McGowan President McGowanGroup Asset Management as he discusses the new All Time Highs for the U.S. Equity Markets.

Wisdom

Q: Berkshire Hathaway’s Famous Annual Meeting: What are some of the thing’s investors could learn from Warren Buffett’s annual meeting, shareholder letter, and SEC holdings reports?
A: The 25-year track record of Berkshire Hathaway chart shows one of the most successful track records in business. The chart below shows his top publicly traded holdings. Privately held Infrastructure including energy, utilities, and railroads make up a large part of the overall holdings as well.

Q: Is the Federal Reserve worried about Inflation?
A: According to the Wall Street Journal this week, Federal Reserve Chairman Jerome Powell expressed confidence that consumer prices will resume falling toward the central banks 2% target.

Wisdom Q: Berkshire Hathaway’s Famous Annual Meeting: What are some of the thing’s investors could learn from Warren Buffett’s annual meeting, shareholder letter, ...

What Could Go Wrong & What Could Go Right with the U.S. Economy?

Q: What appears to be some of the largest dangers to the U.S. economy?
A: Global geopolitical risk of conflict, U.S. Treasury debt, Expiration of tax cuts, New Tax Proposals and Aggressive regulation that could stifle innovation and corporate profits just to name a few.

Q: What are some of the current positives for the U.S. economy?
A: The Atlanta Federal Reserves’ Real GDPNow growth number for the second quarter has spiked to 3.9% as of last Friday. The Artificial Intelligence (AI) Supercycle potentially delivers efficiencies and productivity that enhance corporate profits along with economic growth. Lastly, Ed Yardeni, of Yardeni Research, forecasts that the S&P 500 Index could reach 5,400 by year end.

What Could Go Wrong & What Could Go Right with the U.S. Economy? What Could Go Wrong & What Could Go Right with the U.S. Economy? Q: What appears to be some of the largest dangers to the U.S. economy?A: Global geopolitic...

Are Investors “Too Much in the Sun”?

“Not so my Lord; I am too much in the sun.”
-Hamlet Act 1, Scene 2

Q: Things did not go well for Hamlet after that, but what lessons can investors learn from Hamlet?
A: Investors should take heed regarding overpriced buying frenzies. The Dutch Tulip Bulb market bubble in the 1600s, The Dot-Com Boom in the late 90s, Overvalued Technology stocks in 2000, & Bank Stocks in 2008 are just a few examples of what overpriced frenzied buying in financial markets can lead to.

Q: Interesting quote of the week on inflation from who?
A: "If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic," the self-described "anarcho-capitalist" said. That was this week’s quote from controversial Argentinian President Javier Milei. This week, Argentina announced a quarterly budget surplus of $309 Million, the first government surplus since 2008 while currently in Argentina “annual inflation stands at 290 percent year-on-year, poverty levels have reached 60 percent and wage-earners have lost a fifth of their purchasing power”.

Are Investors “Too Much in the Sun”? “Not so my Lord; I am too much in the sun.”-Hamlet Act 1, Scene 2Q: Things did not go well for Hamlet after that, but what lessons can investors learn from ...

The Surprising Market Reactions to Middle East Escalation?

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.

The Surprising Market Reactions to Middle East Escalation? 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 ...

The Dented 2024 Rally

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 potentially 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 estimated at $170 million.

The Dented 2024 Rally 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 (...

The Incredible 2024 Rally

Q: How long can the rally in equity prices last?
A: The 1990s rally lasted from 1995 through 1999 beginning with the Federal Reserve lowering interest rates and ending in a final speculative buying frenzy. Investors should remember each Bull & Bear market could unfold differently.

Q: Why did oil prices recently hit the highest levels since October 2023?
A: Oilprice.com cites Iran’s vow to take revenge on Israel over their strike on Iran’s Syrian consulate.

https://youtu.be/keleTH8sRk0

The Incredible 2024 Rally Q: How long can the rally in equity prices last?A: The 1990s rally lasted from 1995 through 1999 beginning with the Federal Reserve lowering interest rat...

New Highs Again?

Q: What news could’ve corresponded to new highs in the equity markets on Wednesday and Thursday this week?
A: Projections and discussions from the Federal Reserve potentially confirms three interest rate cuts this year. If the interest rate cuts were completed every other meeting of the remaining 6 meetings this year the cuts could fall on June 12th, September 18th, and December 18th.

Q: Why do high cash flow investments tend to rise when interest rates are cut?
A: Net Present Value of Future Cash Flows = The summation of future estimated cash flows adjusted for the discount rate forward.

Q: For the swimmers out there, how do you calculate the diagonal distance of your pool?
A: Pythagorean Theorem! (or get a camera distance app on your phone!)

New Highs Again? Q: What news could’ve corresponded to new highs in the equity markets on Wednesday and Thursday this week?A: Projections and discussions from the Federal R...

The Roaring 1990’s All Over Again?

Q: What is notable about the recent equity market rally?
A: Per a recent article in the Wall Street Journal, “A broader group of companies has fueled the recent climb to records”.

Q: 2024 Cryptomania: What is FOMO and how does it relate to record highs in Bitcoin as well as other cryptocurrencies?
A: Fear of missing out compels investors to complete new purchases on the next “big thing” and that builds momentum.

Q: What are some things investors should know about the recent rally in Gold?
A: Central banks all over the world have been hoarding approximately 30% of global mining production over the past two years led by Turkey and China. Price Risk is something investors should be aware of as in previous cycles high prices have led to large supplies of secondary market sales. Lastly, Recent social media posts have been targeting women to round up old & unused jewelry for fast cash.

The Roaring 1990’s All Over Again? Q: What is notable about the recent equity market rally?A: Per a recent article in the Wall Street Journal, “A broader group of companies has fueled the re...

How High Can the Equity Rally Go?

Q: How long can the current rally in U.S. equity markets last?
A: Historically, equity market rallies tend to last longer than expected. For example, Alan Greenspan declared that the markets were experiencing “irrational exuberance” in 1996 and the rally continued to the year 2000.

Q: What could this week’s trading in retail stocks indicate this week?
A: Anemic 2024 revenue growth and possible contraction in the retail sector.

Q: What are some of the likely changes in The McGowanGroup Wealth Management’s (MGWM) managed accounts over the next year?
A: The McGowanGroup is starting to gradually raise Tactical Safety in managed accounts to protect gains after being fully invested during 2022 & 2023.

How High Can the Equity Rally Go? Q: How long can the current rally in U.S. equity markets last?A: Historically, equity market rallies tend to last longer than expected. For example, Alan G...

Unique Abilities!

Q: Where are some of the most impressive gains for 2024 in the equity markets, so far, and what unique ability was required to find them?
A: One example, the S&P 500 Index is up over 6% in just 2 months. The unique ability to hunt for bargains during market declines during 2022 and 2023 was a key to enjoying gains, thus far, in 2024.

Q: What is a unique ability and how could it apply to a person’s future?
A: Every person has a talent that can lead to a potential quantum leap on their personal journey. Later in life this applies to health, wealth building, and avocation phases.

Q: What unique abilities do the McGowanGroup team members have that can contribute to investor’s prosperity?
A: Meet the Team That Cares! https://themcgowangroup.com/meet-the-team/

https://youtu.be/-3ehP54w_zY

Unique Abilities! Q: Where are some of the most impressive gains for 2024 in the equity markets, so far, and what unique ability was required to find them?A: One example, the ...

Momentum

Q: Are stocks too expensive for investors right now?
A: 24 times trailing earnings vs. an average of 20 times. Price to earnings growth is slightly below 10-year average. “PappaDean” McGowan points out that the universe of publicly traded stocks is shrinking at about $3 trillion per year.

Q: What consumer categories have massive inflation recently?
A: In January alone the following areas are up: Juices 29%, Steaks 10.7%, Vehicle insurance 20.6%, Household Repairs 18.2%, Sports tickets 13.5% & Vet costs 9.6%!

Momentum Q: Are stocks too expensive for investors right now? A: 24 times trailing earnings vs. an average of 20 times. Price to earnings growth is slightly below 1...

BEWARE Capitulation Buying!

Q: What is “Capitulation” buying in the financial markets.
A: After extraordinary rallies in an investment sector or asset class, investors left behind finally begin to buy in to avoid missing out. Often, the resulting capitulation buying rally marks a peak price for the asset.

Q: What are some examples of dangerous overpricing in the equity markets for investors?
A: 1970s “Nifty Fifty”
1990s “Dot-Com”
2021 “FANGs and Cryptocurrency”
2023-24 “Magnificent 7”?

Q: What was the message for investors from Federal Reserve Chairman Jerome Powell’s interview on 60 minutes?
A: No interest rate cuts in March, for now.

BEWARE Capitulation Buying! Q: What is “Capitulation” buying in the financial markets. A: After extraordinary rallies in an investment sector or asset class, investors left behind fin...

Angry Fed?

Q: What was a positive surprise for U.S. investor’s this week?
A: The growth rate spiked to 4.2% for the 1st Quarter of 2024 according to the Atlanta Federal Reserve’s GDPNow growth model.

Q: What can Caterpillar shares tell investors about a potential booming global economy?
A: Caterpillar’s most recent earnings report showed 12% revenue growth and a 40% spike in profits.

Q: Why does the Federal Reserve appear to issue statements that interrupt market rallies?
A: It could be the Wealth Effect! Shiny Happy People go buy stuff which helps drive inflation.

Angry Fed? Q: What was a positive surprise for U.S. investor’s this week?A: The growth rate spiked to 4.2% for the 1st Quarter of 2024 according to the Atlanta Federa...

True Versus Not True!

Q: Net Zero Carbon Emissions?

Q: Bitcoin Exchange Traded Funds (ETFs) = $1.5 Million Per Coin?

Q: Cannabis Stocks?

Q: Does Real Estate Always Goes Up?

Q: Are Investors Better Off Now Than 2019?

Q: Is There an “Artificial Intelligence (AI) Supercycle?”

Q: What Type of Performance Have McGowanGroup Clients Seen Over the Last 22 Years?

True Versus Not True! Q: Net Zero Carbon Emissions?Q: Bitcoin Exchange Traded Funds (ETFs) = $1.5 Million Per Coin?Q: Cannabis Stocks? Q: Does Real Estate Always Goes Up? Q: ...

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.

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 no...

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”.

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...

As January Goes So Goes the Rest of the Year?

McGowanGroup Wealth Management
Q1 2024 Client Update
January 4th, 2024

2 Years in the Desert
The large equity gains in the financial markets of 2023 essentially returned the major indexes to the same levels as the close of 2021, no progress for 2 years. Overall, our managed accounts performed above the indexes with great resiliency during the declines.

A 2024 Magic Carpet Ride?
One of the primary factors over the past 2 years, of course, was the Federal Reserve interest rate tightening cycle, which corresponded to the bear market of 2022. Future cash flows are worth less when cash rates are relatively high. The Federal Reserve’s most recent projections show a return to a more normal 2.5% over the next 3 years for the Federal Funds Rate and corresponding rates on Treasury Bills. For high cash flow assets, a lower discount rate increases the net present value of future cash flows.

Recession?
The Federal Reserve economic growth projections are 1.4% for 2024. Goldman Sachs forecasted growth over 2% in their 2023 year-end update.

Energy Infrastructure
As of December, Recurrent Advisors estimated that energy infrastructure companies are trading at about 6 times cash flow. Of that estimated 16%, 8% roughly represents current dividends and direct share buybacks about 8%. The resulting increase in assets under control per share would equate to about 40% over a five year period in addition to the cash dividends.

Global High Yield
Our four primary high yield managers delivered an impressive 2023. The current yield, equally weighted is above 9%1. While that is an impressive cash dividend, the estimated discount to par value under control per share, is over 20%. The resulting appreciation potential during declining interest rates could be quite impressive assuming bonds drift back towards par values.

Blue Chip Additions
The McGowanGroup Wealth Management investment committee successfully added positions in nuclear, utility assets, pharmaceuticals, and AI related technology during 2023 dips.

Our Next Steps?
Equity market rallies provide the opportunity to raise tactical safety for future resilience especially as valuation targets are harvested.

A Cautionary Note
Election years provide equal opportunities for rejoicing and lamentations. The temptation to let politics drive portfolio decisions often leads to distraction and mistakes. Let not your heart be troubled as we are on the case and grateful to serve.

We wish you and your family a happy and prosperous new year!

The Team That Cares,
McGowanGroup Wealth Management.

As January Goes So Goes the Rest of the Year? McGowanGroup Wealth ManagementQ1 2024 Client UpdateJanuary 4th, 20242 Years in the DesertThe large equity gains in the financial markets of 2023 essentially ...

SPIKE!

Q: What are some of the reasons the equity markets spiked this week?
A: The Federal Reserve (Fed) indicated in Wednesday’s projections the potential for three interest rate cuts in 2024. The equity markets anticipated lower financing costs over the longer term resulting in higher profits as well as increased net present values of future cash flows.

Q: What companies are some of the big winners in the financial markets, so far, in 2023?
A: Microsoft Corp., Novo Nordisk, Vistra Corp., BWX Technologies, Inc., Visa, Inc., and Energy Transfer.

Q: How can McGowanGroup Wealth Management help investors and their families?
A: The “Team That Cares” puts a Certified Investment Management Analyst, two Certified Private Wealth Advisors, two experienced Wealth Managers, Four highly experienced Financial Services professionals, and a long-tenured Compliance Manager on your side.

SPIKE! Q: What are some of the reasons the equity markets spiked this week?A: The Federal Reserve (Fed) indicated in Wednesday’s projections the potential for thr...

14 Trading Days Left in 2023

Q: What big Texas companies are doing great in the equity markets, so far, in 2023?
A: As of December 7, 2023, Tenet Healthcare Corp. is up 43%, DR Horton, Inc. is up 51%, Cinemark Holdings, Inc. is up 65%, Dell Technologies, Inc. is up 69%, Lennox International, Inc. is up 76%, and Builders FirstSource, Inc. is up 125%!

Q: When should investors consider Tax Loss selling to reduce taxes and why is it a good idea?
A: The McGowanGroup recommends, after major financial market rallies, that investors eliminate weaker positions in the second and third quarters of the year to avoid holding positions that may come under pressure as other investors harvest tax losses to reduce taxes during the fourth quarter. In fact, tax loss selling pressure on out of favor assets/asset classes may present an ideal entry point for investors savvy enough to realize bargains near year end.

Q: What are the new IRS tax brackets for 2024?
A: Stay Tuned to today’s broadcast and follow along as Spencer McGowan & Alex Tollen cover the new updates!

14 Trading Days Left in 2023 Q: What big Texas companies are doing great in the equity markets, so far, in 2023?A: As of December 7, 2023, Tenet Healthcare Corp. is up 43%, DR Horton, ...