$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ This is a lo...

10baggerbamm : Tom Lee's been right quite a bit I have very high accolades for him and I made like many people a lot of money he's way ahead of the curve and I will tell you this that if we don't get a 50 basis point cut in September everything that rallied in anticipation of a cut is going to get slaughtered. and if you remember last week GDP was up for the first time in several months and that's a key indicator for a chairman Powell that means economy's growing well if you cut rates when an economy is growing you accelerate inflation so that data point is a big flag and a reason that maybe he takes a pass in September or maybe maybe just only a quarter and that's going to disappoint a lot of people. I have call options on this basket TNA I went out to January next year. The profit taking today is exactly that it's nothing to read in too crazy about this is how it trades this basket but I think if the mag 7 kill their earnings this week it's going to slow this rally significantly because the money is that left them at 7 higher prices will find a way right back into it

DiMoney OP : I agree.  I also don’t think we will get a 50 points rate cut, may be 25 in September. But any rate cut seems to benefit the small caps as well. Do you agree? Even if money starts flowing into the Mag 7.