Direxion Daily Small Cap Bull 3X Shares is trading 5% higher today as investors pile into risk-sensitive small caps following confirmation of a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

  • The geopolitical breakthrough has triggered a sharp decline in oil prices, easing global inflation and interest-rate concerns that typically weigh on high-beta, rate-sensitive assets.
  • The rally is broad-based across global equities, with U.S. index futures and the SPY also trending higher, signaling a significant return of leveraged risk appetite for small-cap stocks.