Market Update – Treading Water Ahead of CPI

2:36 p.m. ET It’s still a pretty quiet day for the averages, which is a small victory given the bearishly biased intraday trade of several yesterday, like NASDAQ-100. The market seems to 1) have corrected/consolidated after 5-days of gains and resistance, and 2) is treading water in front of tomorrow’s CPI report. The averages are…