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But we saved everything 🙂.
Conor Sen comments on the reliability of the JOLTS data in 2022. While there was considerable skepticism about its value at the time, Sen observes that JOLTS has generally remained more useful as an economic indicator than most sentiment data over the past several years.
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Sen has previously questioned the impact of $200 billion in annual AI capital expenditures on hyperscaler cash flow, highlighting the challenges posed by negative free cash flow in the sector here. He has also noted that concentrated investment in a single sector is driving broad U.S. economic growth here. His recent remarks on JOLTS data come against the backdrop of these ongoing investment trends.