Will the Bulls Drop the Ball?

Or can they push higher again?

Our View

Of the 1,342 actively managed U.S. stock funds tracked by Morningstar, only 32 managed to end the rolling 12-month period in positive territory by the end of the second quarter. In other words, it’s been tough out there!

For traders, the pattern has been pretty straightforward: The ES sells off down to a new low, rallies, and then makes a new low…