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SMLL - Fiscal Hopium Rally Brings Another Opportunity To Reduce Risk
Direxion Daily Small Cap Bull 2X Shares
Originally published on March 24, 2020
Global risk markets have experienced the steepest 30 percent decline in history over the last month. We should expect to see some big reversal rallies punctuating the downtrend–even while the trend continues down.
Today, as algos key on the promise of a big US federal aid package and a G7 pledge to do “whatever is necessary”, the bounce is big. This affords yet another opportunity to review risk exposure amid a global recession, liquidity crunch, and forced selling yet to come. The unravelling here is only just begun. See