🤓 Stocks Pull Back to End Their Best Month Since 1987

Good morning. Despite yesterday's pullback in the stock market, November was one of the best months

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. Despite yesterday's pullback in the stock market, November was one of the best months for stocks since 1987. The one-two punch of the end of election uncertainty and a number of Covid-19 vaccines was enough to allay much fear. However, there's still a way to go. Jobless numbers remain high. Lockdowns are on the rise in some areas. A vaccine won't be widely available for months. That's why, despite the reasons for optimism, traders can still find some down days in the market to profit on the short side—or set up for the market's next move higher. Now here's the rest of the news: Sponsored Content Elon Musk Drops MASSIVE Bombshell The shrewd billionaire just made a VERY strange confession about the future of his electric car empire. The secret he reveals could also mint fortunes for smart, fast-moving investors. This has nothing to do with buying shares of Tesla. Click HERE for the stunning details. MARKETS DOW 29,638.64 -0.91% S&P 3,621.63 -0.46% NASDAQ 12,198.74 -0.06% *As of market close • Stocks dropped on Monday, as traders used the last day of the month to take profits. • Oil prices slid 0.8 percent, closing at $45.16 per barrel. • Gold continued its decline, dropping 0.5 percent to $1,779 per ounce. • Cryptocurrencies continued their recent rally, with Bitcoin setting a new all-time high. Today's TOP TIPS One Sovereign Wealth Fund Loves this Automotive King Korea Investment Corp., the sovereign wealth fund for South Korea, recently made some changes in its stock filings. It lighted up on many well-known tech names such as Apple, Alibaba, and Intel. Instead, the fund decided to use its capital to buy shares of an automotive giant instead. It's not an electric vehicle play, at least, not entirely. That's because the new buy is in General Motors (GM). » FULL STORY Insider Trading Report: Foot Locker (FL) Vesa Equity Investment, a major holder in Foot Locker (FL), recently added to their stake. The fund bought 509,575 shares of the company, increasing their holdings by 4.75 percent. The purchase price for the stake came to just under $19.7 million. While the fund has been buying, company insiders have generally been sellers over the past few years. Sales have occurred at prices as much as 37 percent higher than where shares currently trade. » FULL STORY Unusual Options Activity: Cemex (CX) International cement giant Cemex (CX) has seen shares rally in recent months. A return to normal economic activity bodes well for construction. One trader sees the trend continuing even higher. That's based on the April 2021 $5.50 calls. Expiring in 136 days, the options saw over 12,950 contracts trade. That's a staggering 105-fold rise in volume from the prior open interest of 105. With shares at $4.60, the stock would need to rise 19.6 percent for the option to move in-the-money. » FULL STORY IN OTHER NEWS • October pending home sales fall unexpectedly. • Global debt has risen a record-breaking $9.7 trillion this year. • China raises tariffs of up to 212 percent on Australian wine. • Moderna files for FDA approval on its Covid-19 vaccine. • Smartphone sales drop 5.7 percent in the third quarter, a lower drop than in Q1 and Q2. • GM gives up an equity stake in Nikola in a revised agreement, sending Nikola shares tanking. • S&P Global and HIS Markit may merge in an all-stock deal to create a financial information giant. • Doordash sets an IPO price of $75-85 per share as it looks to raise $11 billion. • Facebook looks to purchase startup customer service platform Kustomer for $1 billion. • In earnings, Salesforce shares drop before earnings as a report indicates that they will acquire Slack. S&P 500 MOVERS TOP INFO 7.431% AMD 6.274% XLNX 5.862% QRVO .377% SWKS 3.68% BOTTOM EOG 8.847% PXD 8.622% FANG 8.18% MAC 7.834% COP 7.527% Quote of the Day This rally has been notable as the rotation from Growth to Value has continued to gain momentum despite the negative news flow of Covid cases surging around the country and lockdowns again being imposed in various parts of the nation. - Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, on the market's strong performance in November in spite of the major economic headwinds going into the winter. Sponsored Content Biden Is In and So Is Green Energy Let me explain… The president-elect's goal is no secret: Achieve net-zero emissions, economy-wide, by no later than 2050. 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Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. 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