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Macro Amuse-Bouche Is Snoozer As Markets Look To Payrolls
The first of this week's top-tier US macro data was profoundly uninteresting, where that means remarkable only for being consistent with economists' forecasts.
Job openings across the world's largest economy were 8.79 million on the last business day of November, Wednesday's JOLTS update showed.
That was slightly below the 8.82 million consensus expected and, notably, it represented another decline thanks to an upward revision to the prior month's headline.
Total vacancies are the lowest si
For what its worth, many of the materials and chemicals supplier names I’ve been looking claim that the channel inventory destocking that started in mid 2023 has mostly run its course.
Thanks, good to know, even if it’s anecdotal.