This all leads us back to an ideal environment for growth stocks, but the market doesn't seem ready to confirm. None of the institutional money that has been piling up on the sidelines over the last month was buying. The list could go indefinitely. You get the point. We're stuck in a trading range right now with no clear direction.
Volume is sluggish in large cap stocks and nonexistent in small and micro cap stocks.
Right now patience and faith are your strongest allies. This is the type of market that will rocket up just when every investor is finally convinced that no stock will ever go up again. The summer rally we are hoping for is questionable at this time. If the FED does not raise interest rates next week and the market stays range bound look for a quiet summer. However, we still feel the upside potential is far greater than the downside risk at this point.