Another day another dollar. Equities are once again clawing their way back, and the Big DOW is leading the charge for the 10th consecutive day in a row. Pretty novel considering the last eight years of tech leading, while everything else takes a back seat. Is this a long-term trend developing? Actually, I hope so, but I'm not sure that's going to end up being the case. I say I hope so, because it would be nice to see the tangible take precedence over the intangible. But, the reality is we live in a technology world now - one that's literally going to be the ultimate demise for the blue collar American - or one that's going to help support their families and goals in an ever changing business world and society. Honestly, that's a little personal op-ed, however, the truth is balance will likely prevail. In other words, our economy here at home has become too technologically centric, so a modest return back to the more tangible is probably inevitable. Industrials, transportation and many other similar sectors are finally starting to get some love, so the bottom line is it's all good to see in the grand scheme of things. This comes just a day after we suggested an entry into Snap, Inc. (SNAP), so go figure. However, the stock opened higher this morning, only to back off. We'll see if it can find more momentum now that it has achieved a grossly oversold level - especially since the stock currently trades at roughly ten times cash on the books, while owning one of the future's largest spending demographics on planet earth - the Millennial. There's going to be a lot of buying interest in the stock around its current price offering, but whether or not much of that buying will come from the institutional side we're about to find out. Let's hope so. While the DOW and the S&P 500 continue to lead over that of the NASDAQ, the entire small cap space has also taken a pretty big hit lately. Just look at this chart of the Russell 2000. Although it's having a good couple of days lately, it's literally traded inverse of the DOW, which definitely doesn't suggest a risk-on mentality. Then again, maybe it will end up being a good thing, because if small caps can find a bottom as a whole while the other major indexes hang on, who knows... maybe it's going to be small caps that end up giving the markets their biggest lift. Time will tell. On another small cap note, after several days of selling activity it looks like SPYR, Inc. (SPYR) has settled down a bit. Volume has been declining, which I'd have to say is a good thing considering all of the selling pressure that hit the stock over the last few weeks. But, SPYR Management did release a pretty comprehensive shareholder update last week. If you missed it, you can view the entire press release here: https://finance.yahoo.com/news/spyr-provides-shareholder-highlights-milestone-122700016.html. Again, we don't think anything has fundamentally changed in a bad way, so it's possible the stock was simply subject to either a large shareholder pulling the plug and/or a significant short attack on the stock. Honestly, it was probably a little bit of both. Like we always say though, in the end fundamentals always win. So, assuming the company can really start to make more and more hay in the eSports space, we may all look back at what happened over the last few weeks as nothing more than a typical blip in the wonderfully volatile world of small stocks.