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SMLL - Why Today's Crisis May Rhyme With 2008-2009
Direxion Daily Small Cap Bull 2X Shares
There was a lot of frustration from the bears last week as the equity markets, as measured by the S&P 500 (SPY), $282.83 current market price, continued their relentless climb from the post bear market closing low of $222.95 on March 23rd and even reached almost $295 last Wednesday, a scant -7.9% from where SPY ended 2019 at $321.85. Still, that's almost a 32% rise off the lows.
How is this happening in an economy that has now lost 30 million jobs over the past 6-weeks while consumer and business