Stock Market

This morning, another 1.4 million Americans filed for unemployment benefits as COVID-19 continues to ravage the country.

Bearish traders are concerned about the growing number of coronavirus cases and the 53 of million Americans who have filed for unemployment in the last 18 weeks.

They think the market has gone up too far, too fast, while the economy could easily be forced to shut down again.

That would have a negative effect on stocks because many businesses won't even be able to operate in a limited capacity as they are now.

But the bulls think governments around the world will backstop another major drop in stocks like they did back in March.

That's where the mantra, "don't fight the Fed" comes from.

Bullish investors are anticipating trillions of dollars' worth of economic stimulus to be pumped into financial markets that will, in effect, put a floor on stock and bond prices.

The bulls also expect governments to keep interest rates low.

It is still a confusing time to consider investing in stocks long-term.

Today, we're going to look at stocks you should most likely sell given the current outlook.

COVID-19 cases continue to rise.

The U.S. Department of Labor recently reported higher unemployment numbers than expected-1.3 million instead of 1.25 million.

And still, trade ideas are pretty easy to find right now.

There seems to have been a flock of stupid money flowing into the stock market, looking at the economy's underlying numbers.

But what happens with your portfolio's long-term positions after the market finishes its rally?

There are two narratives bulls and bears are pushing in financial markets today.

The bears are concerned about the growing number of coronavirus cases, tens of millions of unemployed Americans, and the economy staying shut down for some time to come.

But the bulls think you shouldn't "fight the Fed."

They expect trillions more dollars to be pumped into the economy to boost bond prices, keep interest rates low, and the value of stocks higher.

While many investors are still confused as to how the stock market is continuing higher as the number of new coronavirus cases is spiking here in the US, D.R. Barton Jr. may have figured out why…

During his Markets Live stream yesterday, D.R. revealed one chart that explains why the market is ignoring the new COVID cases.

If the data in this chart continues to be positive, that means stocks have an increased probability of trading higher for the second half of 2020 and into 2021.