You are considering a momentum strategy that buys winner stocks (with good recent performance) and short-sells loser stocks (with poor recent performance). You start trading on June 30, 2020. If the market return is -15 % from July 1, 2020 to June 30, 2021, then which of the following do you expect to be true?

	A.	The loser stocks have positive returns.
	B.	The loser stocks have returns that are higher than the market.
	C.	The loser stocks have negative returns.
	D.	The loser stocks have returns that are lower than the market.