Despite 2014 consensus GDP now languishing at 2.2% (below its 2.9% hope in March, and gas prices near record highs for the time of year; it seems the Q1 growth scare that saw small caps, momos, biotechs, and half the Russell 2000 collapse has been all but forgotten as the favorite index of short-squeezes and algorithmic ignition has just recovered all its losses and regained its all-time record highs from March. Mission accomplished? Bear in mind that over 600 of the Russell 2000 names are still 20% below their 52-week highs.
New record highs...
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But a third of the Russell are still down 20% or more...
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You can't keep a good market down - or a bad one...
