🐾 Are bulls about to eat humble pie or continue trophy stacking?

Good Morning. In sports, it's really easy to see the winners and the losers. Winners win and..
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Good morning. In sports, it's really easy to see the winners and the losers. Winners win and losers, well, lose. The difficulty with the market is that there isn't a finish line or a game clock. It's easy to tally points in terms of returns, but over what period of time?

Fund managers typically gauge their success on their performance against the S&P 500, but what about down years? Are we to accept losses? Right now, the market is in a precarious position of having to take increasing risk to be long, but the losses keep adding up if your short. It's this quandary that typically leads to market tops.

Now here's the rest of the news:
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MARKETS
DOW 27,272.30 -1.09% 
S&P 3,207.18 -0.78%
NASDAQ 9,953.75 +0.29% 
*As of market close
Stocks fell yesterday, as the Nasdaq rose and hit another all-time high.
Oil rose 0.52%, as the struggle continues between reduced supply and demand.
Gold rose 0.86%, as the price held its support near $1675 after last week's selling.
Cryptocurrencies traded higher, with Bitcoin finishing 0.36% higher closing at $9815.

Today's TOP TIPS
5 ESG ETFs for Those with Discriminating Taste
It was nearly 15 years ago that I ended up fielding calls from clients interested in socially conscious investing. Today, there is an index for virtually everything and an ETF to track it. As a result, there more uniformity over what types of companies are included. The acronym ESG stands for environmental, social and corporate governance. The following is a list of 5 ETFs for those seeking ESG investing opportunities.

» FULL STORY

The Bullish Unusual Option Activity for this Chinese EV Maker is Piling up
NIO Inc (NYSE: NIO) is a Chinese company that manufactures electric vehicles. The company was recently upgraded by Goldman Sachs from neutral to buy and began to really take off after Nikola Corporation (NASDAQ: NKLA) began trading on June 4. The company also announced record deliveries in May on June 4, 2020. As the positive news piles up, so has the option activity. The call option activity on Tuesday was 1.3 times the average with 45% of the volume getting filled at the ask price.

» FULL STORY

Only CEO in the S&P 500 Bought Company Stock in June
Since June 1, 2020, 93 companies in the S&P 500 had their CEO sell stock in the company. That's nearly 20% of the companies in the S&P. Of the companies that have seen CEO's buying stock, there is one and that is HP Inc (NYSE: HPQ).

» FULL STORY

IN OTHER NEWS

Microsoft stock hits new all-time high, its first since February

Stocks trend lower as investors step back, safe-havens rally

GameStop shares drop on sales dip because of coronavirus

S&P 500, Dow ease after recent gains; Nasdaq ends at record

Here's what happened to the stock market on Tuesday

Oil rises as production curbs face renewed demand fears

What to look for in the Fed's U.S. economic outlook

Time for 'Humble Pie' About Market, Tudor Jones Says

Apple's chip-design ambitions are 'underappreciated,' analyst says

S&P 500 MOVERS
TOP
AMD  6.457%
SBAC 4.619%
NFLX  3.471%
DXCM 3.223%
AAPL  3.158%
BOTTOM
APTV 13.246%
NCLH 10.164%
CXO  10.162%
JWN  9.89%
FANG  9.863%

Quote of the Day
There's no news headline that screams bearish catalyst to me…But conversely, other than the nonfarm payrolls data, the past two weeks haven't had super bullish catalysts either.
-Mike Zigmont, head of trading at Harvest Volatility Management, quoted by Reuters

Sponsored Content
Revealed: the Sniper 3 key that's unlocked as much as $200 million in trading profits
Shhhhhh… We've got a secret to share with you… One that could boost your retirement by $3.43 million.

Roger Scott, the famous hedge fund manager, has finally unearthed the third key to the "triple trigger" setup… The same setup that earned one man over $200 million

Today… you'll get the historic strategy that could earn the average retirement $3.43 million in the next few years…

PLUS you'll have the opportunity to jump in on the ONE stock that's poised to shoot as much as 839.3% in just 24 hours.

I wasn't supposed to spoil the surprise... but there's an unveiling of a "bullet-proof" pre-market trading strategy! One trader is already up $46,500 using it.

Click HERE to unearth Sniper 3 and it's newest stock pick



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