Early Update – Mega-caps Still in Contrail As Small Caps Consolidate June Gains

10:55 a.m. ET The mega-caps are still in leadership from the first hints we got last Wednesday afternoon,  as Small Caps were in need of a consolidation of June gains. Small Caps remain in consolidation, but the bias is noticeably bullish. Gains are still modest ahead of some key risk events the next 2 days….