Back on its bull sh*t

[The beef 675] [I'm an image] “I have never been so fired up watching ‘60 Minutes.’” - Jeff Hey there carnivores, Markets were up on Monday thanks to a potential coronavirus vaccine. And today we’re talking about all the reasons why markets went bananas. Keep raging, Jeff & Jason [Image] [I'm an image] Back on its bull sh*t The markets were up big Monday on [optimism]( from Jay Powell’s comments about supporting the economy no matter what, and Moderna’s successful first round of COVID-19 vaccine testing. The Dow rose 911 pts (up 3.9%), erasing May’s losses, while the S&P and Nasdaq gained 3.15% and 2.44%, respectively. Not to be forgotten, oil rose as well, with WTI [peaking]( above $30 per barrel for the first time in two months. J-POWW Jerome [stated]( Sunday evening on ‘60 Minutes’ (“Look ma, I made it!” - JP probably) that the Fed isn’t out of ammo yet, and that he and the Board of Governors would support the US economy through thicc and thin. Damn, what’s that suit made out of Jerome, boyfriend material? His bag of tricks ain’t empty yet. Options on the table include a new lending program or broadening the existing one. Additionally, he [said]( the Fed could lower interest rates, which are already targeted between 0.00 and 0.25%. You might remember, he previously stated that rates would not go negative, however. He did say that Congress would need to continue to spend Brinks trucks full of money to keep businesses and households afloat, but that now is not the time to worry about the longer-term consequences of this debt spree. Famous last words of every trust fund kid on a shopping spree with daddy's credit card. Vaccine Drugmaker Moderna, citing “[compelling data](” that has a “very good chance to provide protection,” announced positive phase one testing on humans for its experiential COVID-19 vaccine. The stock price rose 20% as the vaccine was approved by the FDA to move forward to phase two. It’s currently on track to enter its final stage in July if testing goes well and could be rolled out for emergency use in the fall. It has not yet been determined whether it will fully protect against a new virus, as that will come in rounds two and three. The first round simply checked to see if it initially induced an immune response in its volunteers. So basically Moderna won the play-in game. The bottom line... Aaahh, everything is right in the world. Economies are opening up again, states are allowing people to go outside, and we might get a vaccine by Fall. Do I smell XFL 3.0? No way anything can go wrong, like, say opening up public places too quickly and without proper social distancing measure in place, which could cause a second wave of COVID- 19 and force everyone inside again during peak summer months before the vaccine is ready for use. No, that definitely wouldn't happen. [Image] Over The Last Two Months Real-Money Trader, Ben Sturgill Has Achieved Total Gains Of 1,030% What’s Even More Impressive? He Tells You Exactly What He’s Trading 30 Minutes Before He Pulls The Trigger [Watch Now]( [I'm an image] ☑️The first cut is the deepest...the second one hurts pretty bad too. Uber announced another round of layoffs, this time [only 3k workers]( compared to the 3.7k it cut just two weeks ago. The ultimate mind f*ck to everyone who thought they were safe. The rideshare giant is closing down 45 offices around the world and is looking at cutting costs (read: eliminating headcount) through other business lines, mainly freight. Investors were delighted that Uber is sending another batch of employees to their white-collar graves. The stock price jumped 9% on the news and settled at a 3.5% gain on the day. It’s a dog eat dog world out there. ☑️An Apple a day. Apple is making a comeback, as the tech giant [is reopening 25 stores]( in the US this week. Customers will receive a temperature check and wear a mask before entering the store. But if they behave themselves, they can get a dum-dum on the way out. The iPhone maker will only be opening stores in areas where local authorities have given the go-ahead. Some stores may allow customers in, while others may still have only curbside pickup available. Having a presence in Greater China, and with its stores being reopened there for months now, Apple seems on top of its safety precautions and ready to sling those $250 Airpods at will. Whether or not they stay in your ears remains TBD. ☑️Dream come true. In a fairytale ending, TikTok [has managed to seduce]( Disney’s head of streaming to take over its CEO role. Kevin Mayer is leaving his position as Head of Streaming and heading over to the newest social media platform to confuse millennials. I mean, how many dances are we supposed to learn? If you’ve noticed TikTok videos all over your IG, then you’re aware that TikTok is already here to stay. Mayer will also run the parent-company ByteDance, which is valued at roughly $78B. Many thought that Mayer was in line to take over for Bob Iger at Disney, but after being passed over for Bob Chapek, the writing was on the wall. Mayer is bringing the skills of just having launched Disney+ to great success. Something tells me we are just starting to see what TikTok can do. ☑️Pour a cold one. What’s one tradition that even ‘rona boi can’t ruin? Drinking ice-cold beer. Light beer specifically [is having a moment](. The lite variety has seen an uptick in purchases as throwing back 4 double IPAs every night of the week can not only lead to a hangover but also, get expensive. Despite losing the 18% of sales to restaurants that make up the total beer market, overall sales have not lost a beat. Customers are being honest with themselves and picking up 24 and 30 packs at the store, according to sales data. It’s not laziness, it’s efficiency...there’s a difference. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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