The hiring situation 🧩

Plus a charted review of the macro crosscurrents 🔀

The falling hiring rate could mean trouble for the labor market. (Source: BLS via FRED)

📈The stock market climbed to all-time highs, with the S&P 500 setting a closing high of 5,762.48 on Monday. For the week, the S&P rose 0.2% to end at 5,751.07. The index is now up 20.6% year to date and up 60.4% from its October 12, 2022 closing low of 3,577.03.

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On F…