Daily Note | May 9, 2024 | Waiting For CPI.
Markets are flat again as the weaker-than-expected weekly jobless claim number failed to spur the bad news = good news rally in bonds and stocks. Yesterday, markets paused after four days of gains and the market moving to within 1% of its record highs.
Investors continue to wait for the CPI report on May 15th and it appears a light economic calendar mean…
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