JOLTs instance "hard" converging towards improving "soft" data. At this pace, Fed gets 1.0 openings/worker ratio by Oct/Nov. Nasdaq 100 became "100% bid". Since 1996, 6 of 6 times, saw further gains.

After a tumultuous decline in the final weeks of September, market technicals were awful and sentiment and positioning bearish. But in each of the past two days, equities rallied strongly, adding >5% to all the major indices.

the ostensible fundamental catalyst has been the signs that the labor market is softening, but not necessarily in a way that spells recessionon Tuesday, the JOLTS (job openings) report showed the largest ever drop in job openings (ex-pandemic) with a 1.1 million or ...

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