The Wild West Of Bonds

When LBOs and Gordon Gekko RuledPorter & Co.’s Marty Fridson Was There

Table of Contents

• When LBOs and Gordon Gekko RuledPorter & Co.’s Mar …

• Three Things You Need To Know Now:

• The Wild West Of Bonds When LBOs and Gordon Gekko …

• An Exaggerated Death Report

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Three Things You Need To Know Now:

1. The labor market remains weak. The latest data from the U.S. Job Openings and Labor Turnover Survey (“JOLTS”) from the Bureau of Labor Statistics showed job openings increased by 372,000 to 7.74 million in October. Though solid, the increase doesn’t change the downward trend of the past two and half years. Similarly, the number of vacancies per unemployed worker – a metric the Federal Reserve follows closely – rose to 1.11, up from 1.08 in September, yet remains well below the pre-COVID trend of 1.2.