MidSouth Week in Review: Jun. 23, 2015
Weekly Update from Fund Manager Buzz Heidtke, MidSouth Investment Fund
The Nasdaq made a new high yesterday and surpassed its intraday high set 15 years ago on the day the bubble burst in the internet stocks. Thursday's gains came after the Fed said they may delay its interest rate hike increase until December. The small-cap Russell 2000 index also hit a new high. The consumer price index increased 0.4% in May, the most since Feb. 2013 but below estimates of 0.5%. The 10.4% increase in gas prices were primarily responsible for the inflation increase.