Market perspectives

A new wave of mega-cap stock listings, led by SpaceX, is capturing the interest of many investors. While investor enthusiasm is high, historical post-IPO stock performance suggests that even high-flying names are far from a sure thing.

Layoffs remain low and consistent with a healthy jobs market. The hiring pace has improved, but entry-level jobs are still harder to find than headline data on the labor economy would suggest.

Consumers remain wary of inflation and the economic outlook, as persistent cost pressures and recent energy price swings continue to weigh on sentiment and purchasing power.