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SMLL - Weekly Note May 3 2020: Where Did All The Optimists Go?
Direxion Daily Small Cap Bull 2X Shares
Good morning and welcome to a weekend that would have featured the “most exciting two minutes in sports”, but instead we are watching Michael Jordan’s Netflix (NFLX) series — also exciting. Needless to say markets have been anything but boring as we had a first-percentile monthly decline followed by a first-percentile monthly advance. The only other time in history a record drop in stocks was followed by a record rebound was in 1974. Ultimately the rebound was followed up by a retest of the lows, which many are calling for today. That post-Bretton Woods period