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SMLL - Rebounding China Is Great News For The U.S.
Direxion Daily Small Cap Bull 2X Shares
In many ways, the bull market in U.S. equities hinges on the continued recovery in China’s stock market and economy. China’s experience with the coronavirus was a grim presage for the U.S., and its benchmark Shanghai Composite Index gave a “heads-up” warning signal a month before equities collapsed here at home. That said, things are finally looking up for China, with many China-sensitive markets (including copper and rare earths) confirming the strength. In this report, I’ll make the case that the latest surge higher in China’s market is a bullish harbinger for the U.S. market.