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…