Direxion Small Cap Bull 3x Shares ETF (ETF:TNA) - Santa Claus Rally, January Effect Put This Leveraged Small-Cap ETF On Early 2021 Shopping List
What Happened Over the past month, the widely followed Russell 2000 Index is higher by more than 8%, extending its 2020 gain to north of 20%. That's about 550 basis points ahead of the large-cap S&P 500, meaning the small-cap index will beat its large-cap rival on annual basis for the first time since 2016. That doesn't mean the near-term case for the Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) is waning. In fact, the opposite may prov accurate. Why It's Important Amid expectations for a Santa Claus rally, which can in fact occur after Christmas, and the January Effect – the scenari...