An interesting divergence is developing between large-cap and more nimble small-cap stocks. Historically, small caps recover well before traditional economic barometers like GDP growth, employment, and earnings estimates.

Since the Great Depression small caps have rallied more than 50% on average after the broad market hits its mid-recession low.

A surge in liquidity eventually lifts the overall market, which is why the outperformance of small caps is a bullish indicator. In other words, there could be very lucrative trading opportunities in small cap stocks as the smart money gets off the sidelines and back in the game.

Right now there is some juxtapositioned data. Fertilizer prices are down however food shortages are arising globally. It's only a matter of time before the prices snap back up enough to incite investors back into the market

Bullish? Not quite YET but I am very optimistic right now