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SMLL - Economic Reality Sets In: This Could Be The End Of The Ever-Popular Buy-The-Dip Strategy
Direxion Daily Small Cap Bull 2X Shares
Well, as we have been saying for a while now, it appeared highly unlikely that the economic collapse that ensued with the COVD-19 virus outbreak would quickly snap back along with a resumption of the 11-year bull market cycle.
That idea was quickly dismissed with yesterday's speech by Federal Reserve Chairman Jerome Powell.
Not only does Chair Powell not see a "V"-shaped recovery taking place in 2020, but he envisions that it ill be a very long and arduous road back to the levels of economic growth that we saw just four months ago.