Year of the bull

[The beef 675] [I'm an image] “What a time to be alive.” - Jason Hey there carnivores, Markets were mixed Tuesday, but the S&P 500 hit an all-time high. Speaking of the S&P, let’s take a look at that below... Keep raging, Jeff & Jason [Image] [I'm an image] Back on its bullsh*t Like your first time between the sheets since quarantine, that didn’t last long. The bear market officially ended yesterday as the S&P closed above its most recent high of 3,386.15 on February 19th. The broad market index [closed]( at 3,389.78, an all-time high. So how long were markets in bear territory? Technically, [just 33 days](, making it by far the shortest in history. Compare that to the median length of a bear market which is 302 days. No, its gotta be your bull Let me break it down for you... After the S&P hit its high on February 19th, the sh*tstorm commenced. The index bottomed out on March 23rd when it closed at 2,237.40, dropping 33.9% in just barely a month. Spoiler: it was COVID’s fault. March 23rd was technically the end of the bear market, but we couldn’t officially say that until now. According to the sticklers who made the rules, the bear market isn’t over until the S&P eclipses its most recent high (read: February 19). Feel [like your head’s about to explode?]( The new bull market, which is already 5 months old (since March 23rd), has returned 51.5% so far. Seems sustainable. The bottom line... So what's been driving the recovery? Well, mostly the government presenting the US with Publishers Clearing House-sized checks of free money. Even if the current stimulus package [negotiations]( are nothing short of a dumpster fire. Anything else driving the S&P 500? Yup. The hope that a vaccine is on its way to show 'rona boi who's boss before year-end *the My Pillow Guy has entered the chat.* [Image] Jeff Bishop’s #1 Stock For 2020 (Hint: It’s Not What You Think) [Alternate text]( [Watch Now]( [I'm an image] ☑️ Trillionaires. Robinhood isn’t the only trading platform getting in on the action. Fidelity announced in its Q2 report that it now [has a record of $3.3T]( under management as of June 30th. The company has seen 1.2M new retail investment accounts open up as it offered no-fee trading options to compete with the likes of the online robo-traders. Roughly 1.9999M of those accounts bought shares of $TSLA, probably. In good news for its recovery, Fidelity announced that it also hired 2k employees. It now has roughly 5k in Boston and 45k globally. ☑️ C-ya later.. ViacomCBS is [selling off]( its tech news and review site, CNET to digital media company Red Ventures LLC. Hopefully, they can turn profits to the green. The price looks to be settling around $500M as the media giant continues to sell-off its noncore businesses and focus on video streaming. It is also looking to get rid of book publisher (remember books?!) Simon & Schuster for $1.2B, and even its Midtown Manhattan headquarters for $800M. Viacom is going all-in on what it hopes will be the best streaming service since sliced bread. The company plans to combine the Paramount movie studio with CBS’ TV networks, news, and sports programming to lure in subscribers. ☑️ Grounded until further notice. Boeing is [sending more employees]( to coach, after it announced that there would be more buyout offers in the works for its employees. COVID has all but grounded jetliner travel, to the point where Boeing cut 19k employees back in July. While more details will come on August 24th, CEO David Calhoun said that the original number of cuts would be increased by around 10%. Boeing’s already said that it was reworking its manufacturing footprint, in part by possibly closing the one of its two assembly sites for its 787 Dreamliner. You mean airlines can’t fill Dreamliners with enthusiastic tourists? You don’t say… ☑️ Canceled. Ron Meyer is [out]( as the NBCU Vice Chairman, after he disclosed a consensual affair he’d had with a woman back in the day. Meyer alleges that he’d been the target of extortion after outside parties learned of the settlement. Meyer, who’d been with NBC for more than 25 years, went as far as to say that he’d made the settlement under threat. He also brought up the fact that the extortionists (not the ones that can fold themselves up to fit themselves in a suitcase, as I’m now learning) planned to “falsely implicate” NBCU. NBCU CEO Jeff Shell told Meyer that “he had acted in a manner which we believe is not consistent with our company policies or values” and that he should leave the company. Tough go for Ronnie. Guess he’ll have to pay for Peacock now. 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. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](