Big rally in the markets today following the relief in rates and the dollar after the soft Jolts data this morning. There were 1.51 job openings for every unemployed worker in July, the lowest such ratio since Sept 2021. U.S. job vacancies fell to 8.8 million in July, the lowest level since March 2021 (and June was revised down to 9.2 million). I tweete…
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