Something weird's happening in the U.S. job market right now. Companies are posting more openings, yet actual hiring remains flat. We're stuck in this strange low-hire, low-fire cycle where businesses seem hesitant to pull the trigger on new employees—but they're also not laying people off. Classic wait-and-see mode. This stagnant dynamic could signal broader economic uncertainty, which usually ripples through risk assets. When traditional markets freeze up like this, it's worth watching how capital might shift.