Direxion Daily Small Cap Bull 3X Shares is trading 4.9% higher today as investors pile into risk assets following a tentative 60-day U.S.-Iran peace agreement and the reopening of the Strait of Hormuz.
- The geopolitical breakthrough is easing global inflation and interest rate concerns, fueling a broader market rally across major U.S. indices.
- Small-cap stocks are significantly benefiting from the improved growth sentiment, with this ETF providing 3x leveraged exposure to the Russell 2000 Index.
- The reopening of the Strait of Hormuz is viewed as a critical catalyst for stabilizing energy markets and reducing macroeconomic uncertainty.