They have a heavy domestic focus. They benefit the most from tax reductions and being domestic largely shelters them from trade fallout concerns. You can see the Dow is poised to accelerate its fall for the past 5 days over trade headlines while the Russell 2000 has continued to close higher than 5 days ago. THe percent of small business owners reporting higher minus lower earnings last month reached a record high reading. Meanwhile, global economic growth seems to be desynchronizing and slowing but the US economy is standing out, roaring ahead on its own with the most recent beastly jobs report.
I've been all in TNA (3x leveraged Russell 2000 index) for a nice ride up so far, today looks like another dip to buy?
Submitted June 19, 2018 at 09:24AM by ryeander https://ift.tt/2t84IRx
