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SMLL - Nasdaq: Renaissance In The Age Of Coronavirus As Nasdaq Index Outperforms Other Major Indices
Direxion Daily Small Cap Bull 2X Shares
Why Nasdaq?
This is a make-it or break-it week for Nasdaq, with four of the five FAANG companies reporting - Google (GOOGL), Facebook (FB), Apple (AAPL), and Amazon (AMZN) - in addition to Microsoft (MSFT), which is frequently grouped with FAANG stocks.
There is a lot to be said about the massive rally of all major indices since March 23. This rally is clearly predicated on assumptions that the worst of the coronavirus is behind us and that the reopening of the economy will make