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SMLL - The 1998 Analogy: Why It Works And Why Tech May Still Be On Top
Direxion Daily Small Cap Bull 2X Shares
Background - bulls climbing walls of worry
Oak trees from little acorns grow. An example could be the current turnaround in stocks (SPY) and my Sept. 3 bond-focused article. This was written near the bottom of the latest in the nearly four-decade period in which bond bull markets alternate with stock bull markets.
My point in that article was that for better and for worse, the same structural forces that had brought the 30-year T-bond (TLT) to 2% were still present. So I look for another move downward in yields,