Cindy Ord/Getty ImagesBad economic news is likely good news for the stock market as investors seek an end to 40-year highs in inflation, according to Fundstrat.A recent uptick in layoffs, combined with fewer job postings on Indeed.com suggest wage inflation could be cooling.If inflation cools, that would give the Federal Reserve some breathing room as it raises interest rates.The stock market is set up to view bad economic news as good news as investors seek an end to 40-year highs in inflation, according to a Monday note from Fundstrat's Tom Lee.High inflation readings have forced the Federal Reserve to get aggressive in tightening financial conditions by raising interest rates and reducing its $9 trillion balance sheet.