MidSouth Week in Review: Jun. 23, 2015

Weekly Update from Fund Manager Buzz Heidtke, MidSouth Investment Fund

Jun. 23, 2015 | MidSouth Investor 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.

"I work with many of the companies that would be RedChip companies. And we certainly ascribe to the same view that the RedChip Companies do, which is Discovering Tomorrow's Blue Chips Today."

  • Bob McCooey, Senior Vice President, NASDAQ Stock Market