Daily Note | Aug 9, 2024 | HYB Is Gonzo, Abrdn Boosts Divs, Solid MAIN Report

Markets are not far from the flatline and remain negative for the week despite another good day yesterday. So far this week, the S&P 500 is down just 0.4%, while the Nasdaq is down 0.9%.

From JP Morgan:

Yesterday, markets rallied after the modestly lower jobless claims that eased some fears on recession risks. While this decline in jobless claims (233k vs…