October's job openings data just dropped, and it's painting an interesting picture. The U.S. labor market posted 7.67 million open positions—well above the 7.12 million analysts were betting on and higher than September's 7.23 million.

This kind of beat suggests employers are still hungry for workers despite all the rate hike noise. Stronger-than-expected job openings typically signal economic resilience, but it also keeps the Fed's hawks circling. More openings could mean wage pressures stick around longer, which complicates the inflation narrative everyone's been watching.

For risk assets? This is the kind of data that makes markets second-guess the dovish pivot timeline. Worth keeping an eye on how this plays into the next policy meeting.