Job openings taking a hit

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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.



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Options data hints at tight movement, but sentiment feels heavy.


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