What a year

[The beef 675] [I'm an image] “This is, what we call in the industry, a sh*t show.” - Jason Hey there carnivores, Markets were up on Tuesday, as trade worries were taken down a notch. Today we’re breaking down the markets’ long, long year so far. Keep raging, Jeff & Jason [Image] [I'm an image] I got a story to tell Stocks had an interesting day yesterday that started late Monday night after Peter Navarro almost went and f*cked everything up by saying the US-China trade deal was “over.” By the time we all woke up on Tuesday, Navarro had walked back his statements, and the markets recovered. The Nasdaq had a modest .74% gain yesterday, but finished the session in the black for [a record eighth straight day](, hitting an all-time high. It was powered by Apple’s surge following the developments that the company released at WWDC. Tim Cook’s crew is also on a hot streak of its own, hitting a new personal best, closing at $366.53. All three indices closed up on the day, with the Dow and S&P finishing up .5% and .43%, respectively. The gang’s all here But not all indices (comebacks) are created equal... Year to date, the Dow is down 8.3%, while the S&P is still 3.1% below where it started the year. And the Nasdaq? Well, it’s out here living its best life, up 13% on the year. That’s the biggest disparity between the Dow, which contains some of the US’ largest companies, and either the S&P or Nasdaq since 1983. But why? One word: tech. Four of the five FAANG stocks plus Microsoft account for [40% of the Nasdaq and 20% of the S&P]( index. And ICYMI, tech, consumer discretionary and communication stocks have had themselves a pandemic... while shares in the energy, financial and industrial sectors have been battered. The bottom line... "It will just work itself out naturally." Word on the (financial) street is that pension funds are about [ready to take some profits]( from all these gains, and put the money into bonds. Analysts estimate that pension funds could rebalance their portfolios to the tune of $76B (read: leave equities for fixed income). June 30th marks the end of Q2 and the end of the month, which means many portfolio managers will need to bring their asset allocations back in line. Don't say I didn't warn you... [Image] What If You Could Take The Guesswork Out Of Options Trading? [Alternate text]( Live—Tomorrow at 2 PM ET Jason Bond Unveils “The Bookie’s Edge” Learn How To Stack The Odds In Your Favor [Register Now]( [I'm an image] ☑️ Pay the piper. Johnson & Johnson was [back in court]( on Tuesday, and this time, a Missouri appeals judge ruled that J&J talcum powder was responsible for ovarian cancer in 22 women. While J&J will still have to pay up, the judge reduced damages from $4.69B to just $2.1B. J&J had appealed the initial verdict, claiming that the plaintiffs failed to present substantial evidence proving it was the powder dealer’s fault. Oh, and don't think for a second we forgot you were selling opioids too, Johnson. ☑️ Up up and Away. Away Luggage just [secured]( itself a nice little funding round, nabbing between $30M and $40M from existing shareholders Baillie Gifford and Wellington Management. The move comes just in time for Away. The Insta-worthy luggage brand saw sales decrease by almost [90%]( during COVID. The company also furloughed more than half of its workforce. The deal, according to reports, will come in the form of a convertible note, at a lower cap than the full $1.45B Away was valued at back in 2019. So at least someone thinks we’ll be traveling again soon. That’s good news, right? ☑️ Where does it end? Markus Braun, Wirecard’s former CEO was [arrested]( by German police over the missing $2B. Braun is also under suspicion of making the company look more attractive to investors. Catfishing isn’t just for the dating game anymore. ☑️ Out of Luck(in). Luckin Coffee got another letter from the Nasdaq, and this time it wasn’t a Christmas card. The Nasdaq [sent]( Luckin a delisting notice after Luckin failed to file its annual report. On the news, shares fell 18%. Which, considering everything it’s done, isn’t that bad. This is the second delisting notice Luckin’s received. Luckin blames COVID for its delay in filing. It was definitely COVID, and in no way had anything to do with the fact that Luckin is accused of faking more than $310M in sales last year. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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