Latest employment data shows a positive trend - initial jobless claims dropped last week, signaling continued strength in the labor market. What's particularly noteworthy? Layoffs remain subdued across sectors.

This matters for broader market sentiment. A resilient job market typically supports consumer spending and economic stability, which can influence risk asset performance. When workers feel secure, spending patterns shift - and that ripple effect touches everything from equities to alternative assets.

The labor market remains one of the most reliable real-time economic indicators we have. Persistently low job cuts suggest companies aren't bracing for a downturn, at least not yet.