Daily Note | May 22, 2024 | Western Raises Distributions, Clearbridge Tenders Commence

Markets are searching for direction again as they seem to be every morning lately before driving one way or the other. The market is really awaiting Nvidia's earnings which come after the bell today. The 10-yr yield is up a couple of bps to 4.43% and gold is backing off recent record highs.

The big non-news yesterday was Fed Gov Waller coming out and say…