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The S&P 500 is up about 15% for the year, taking a lead on the Russell 2000 index, which is up about 6%. However, there could be relative bargains in the small-cap index, allowing investors to capitalize on companies with future upside.
When it comes to small-cap investing, it can be difficult to hit a home run. However, mid-cap exposure can make for hittable plays, giving investors an opportunity to get exposure to companies that may have a higher chance of breaking through the large-cap ceiling.
The Nasdaq 100 rallying 40% for the year could have the capital markets wondering if the big tech rally has run its course. If that's the case, there are other opportunities to consider in the short-term horizon.
Small-caps can typically give traders amplified moves to the upside versus large-caps, but big tech specifically has been winning the market capitalization battle in the current rally.
The space remains incredibly popular for investors looking to mint money in a very short period of time, provided the trend remains a friend.
The capital markets are generally expecting a comeback for the stock market after the S&P 500 saw its worst year since the financial crisis in 2008. That said, large-caps aren't the only trade in town — mid-caps and small-caps are also set to outperform if a stock market comeback does take place.
Direxion Daily provides a positive upside with its Direxion Daily Small Cap Bull 3x Shares ETF. The leveraged bullish fund attempts to replicate Russell 2000 price action on steroids.
In the past month, midcap equity performance has been leading the way given the Direxion Daily Mid Cap Bull 3X Shares (MIDU) year-to-date gain when compared with its small and large cap counterpart funds.
With the equity markets rallying as of late, small-caps are expected to experience a bounce as well. Traders may want to consider playing the bounce via the Direxion Daily Small Cap Bull 3X Shares (TNA).
The Direxion Daily Small Cap Bull 3x ETF could be a good tool to bet on the outperformance of small-cap stocks ahead of economic recoveries. The problem is that the macroeconomic setup today is too uncertain, not to say risky, for a bet of this nature. I explain why.