A pretty big miss on JOLTS—7.6 million job openings versus the expected 8 million. That’s not just a rounding error; that’s a clear sign the labor market isn’t as strong as some want to believe. And construction? Job openings are at their lowest since April 2020, back when everything was shutting down.
Breaking:
JOLTS 7.6 million vs 8 million estimate.
Pretty big miss.
— QE Infinity (@StealthQE4) February 4, 2025
Jolted back by a decade https://t.co/udaTQ3FyGZ pic.twitter.com/XdDIEuqhiq
— Mr.Awsumb (@MrAwsumb) February 4, 2025
JOB OPENINGS (JOLTS)
Construction job openings fell to the lowest level since the depths of COVID (April 2020) in December.
Cracks forming in the housing cycle… pic.twitter.com/HWcgZ81duc
— Warren Pies (@WarrenPies) February 4, 2025
Options data hints at tight movement, but sentiment feels heavy.
The market is getting weaker, showing signs of exhaustion and struggling to find a catalyst for upward movement.$SPY – Based on options data, the implied move for today is +/- 5.5 points, suggesting a closing range between $592.5 and $603.5.
Our AI projects today's closing… pic.twitter.com/tYmAmlBXhO
— optionGeek (@StockShark16) February 4, 2025