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SMLL - Technically Speaking: Is Everything 'Priced In?
Direxion Daily Small Cap Bull 2X Shares
Is everything "priced in?" Investors have gone "all in" with a disregard for caution. But with markets extended and overvalued, what should investors do now?
As discussed in this past weekend's newsletter, investors got even more speculative during the recent correction, which is the opposite of what you would expect. But if markets anticipate "good news," then are there any "surprises" left?
In other words, if markets have priced in perfection, then there is not a lot of room for "disappointment." Such was a point I made this morning on Twitter: