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This week the market will experience the triple witching event. If you are unfamiliar with the term now is a good time get your pencil and paper young wealth manager. This could be an opportunity for the short-term investor to take advantage of market volatility. A little known goes a long way . . . in your portfolio.

Last Thursday marked the unofficial start of triple witching options expiration, with the rollover of June futures contracts into the September forward month at many brokers. The period from the rollover through this Friday’s expiration have a well-earned reputation for whipsaws and reversals, raising the potential for high volatility. The CBOE S&P 500 Volatility Index (VIX) is sounding this message loud and clear, with the “fear gauge” lifting to a two-month high above $40.

https://www.investopedia.com/expect-a-wild-ride-during-triple-witching-week-5024924?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo

Usually the average investor must decide between income or growth. The Reaves Utility income fund has both. The closed-end fund (UTG) has a five year track record equal to the S&P 500, however, has not kept pace in the last three years.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, May 29, 2020 /PRNewswire/ — On May 29, 2020, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on May 19, 2020.

Reaves Utility Income, which is a closed-end fund, is designed to provide a high level of after-tax income, along with capital appreciation, by holding a portfolio that is at least 80% invested in companies that provide products or services for generating or distributing electricity, gas or water, along with companies involved in telecommunications, infrastructure, toll roads and municipal services.

https://www.marketwatch.com/story/this-unusual-income-fund-has-a-dividend-yield-of-65-and-has-beaten-the-sp-500-2020-06-01?mod=telecommunications

(Bloomberg) — Liquidators overseeing Abraaj Group’s insolvency now estimate Chief Executive Officer Arif Naqvi’s alleged theft to have cost the firm…

Abraaj Ex-CEO’s Theft Totals $385 Million, Liquidators Claim

Canopy’s huge loss resulted from shuttered facilities and obsolete packaging, marijuana

https://www.marketwatch.com/story/cannabis-producer-canopy-growth-reports-another-billion-dollar-loss-2020-05-29?mod=cannabis-watch

The Nasdaq’s ETF ranking reveals a lot about how traders and investors are playing the market.

The exchange’s economics research division released rankings of the top 25 ETFs for the last week and month on Monday, with the U.S. Global Jets ETF (JETS) topping both lists.

Its top 25 ETFs for the last week are:

https://www.cnbc.com/2020/06/09/nasdaq-releases-top-25-etfs-for-the-last-month-heres-whats-working.html

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-news.html

Stock-market investors are confident that the global economy can rebound quickly from the coronavirus epidemic, so much so that they are largely ignoring the sharp decline in corporate earnings under way in 2020 and focusing instead on performance in 2021, according to a research note by Goldman Sachs equity analyst David Kostin.

The focus on 2021 earnings helps partly explain, along with unprecedented fiscal and central-bank stimulus, the impressive performance of the major equity benchmarks in the context of the steepest economic contraction in nearly a century.

https://www.marketwatch.com/story/here-are-the-10-most-under-and-overbought-sp-500-stocks-according-to-goldman-2020-06-01?siteid=yhoof2&yptr=yahoo

The problem with any get rich quick scheme is you could go broke just as quick, very broke. If I could suggest an investment point to the public, death and taxes are the only guarantees I know. Case in point…

This year’s been a real grind for Luckin Coffee LK, +36.04% investors.

At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance.

So when the stock, which was already down 89% for the year, had its trading halted back in April amid an investigation into financial misconduct, the losses were felt far and wide.

But one retail investor with a PG-13 Reddit name took a particularly grievous hit.

https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03?mod=investing

Using recent actions and grades from TheStreet’s Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Cirrus Logic Inc. recently was downgraded to Hold with a C rating by TheStreet’s Quant Ratings.

https://finance.yahoo.com/m/1b871b32-1488-35d0-84ad-f6621ca4c1c7/bearish-bets-2-stocks.html

Today the exchanges reacted to the surprising job numbers, 2 million jobs added market. Is the economic back on the pre-COVID uptick? The Exchange could be headed to a V shaped recovery. So, where is the champagne and caviar? To some the COVID-19 pandemic exposed a number of inequalities in the marketplace and country.

Protests over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week, have spread to dozens of cities in the United States and other world cities.

Floyd’s death, at the hands of a white police officer who knelt on his neck for nearly nine minutes, has reignited anger over longstanding social and economic inequality between the country’s white and black communities.

More than 40 million black people live in the United States, making up about 13% of the nation’s population.

https://www.weforum.org/agenda/2020/06/george-floyd-america-racial-inequality/?utm_source=sfmc&utm_medium=email&utm_campaign=2721639_Agenda_weekly-5June2020&utm_term=&emailType=Newsletter