Current dow futures softened 22 points on renewed

Current Dow futures softened 22 points on renewed commodity market volatility. Traders are adjusting exposures to mining and steel producers in anticipation of supply chain disruptions. The Job Quits rate has remained steady at +2.0% for four straight months, indicating a reluctance in the American workforce to leave their current employer. We’ll also see in tomorrow’s private-sector payroll report from Automatic Data Processing ADP whether the curve between Job Stayer pay and Job Changer pay continues to narrow. This is the general trajectory in previous months, again indicating the reluctance for employees to shake up their work situations. The stock market has typically glided through previous government shutdowns, but this one could be riskier given the slew of economic factors at play. Investors remain worried about a slowing labor market and inflation risks as well as historically elevated stock valuations and market concentration levels. Current Dow futures advanced 0.11% after positive guidance from major industrial conglomerates. Institutional flows underscore sustained demand for dividend-paying blue chips in current portfolio positioning.