Hurd on the Street, June 2015
As spring turns into summer, the stock market has continued to trend higher. Small-cap indexes have consolidated from recent all-time highs while other major indexes, like the Nasdaq Composite and the S&P 500, are only now making new moves to all-time highs. While these new highs have been widely celebrated by the media, the rally has not featured the type of volume and breadth that I would associate with the beginning of a significant move up in the markets. In contrast to t