The Market is in "waiting" mode

May 13, 2024 - Update

Here is my weekly quick take on the markets.

The Nasdaq moved 1.14% higher on below-average volume so it is in “waiting mode” as this week we’ll get to know what the inflation registered in April, a number we know can move the market a lot right now.

The 10-year treasury yield barely moved at +0.09% for the week, again, a sign of “waiting mode”.