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While it's likely due to other factors (i.e. like maybe the stock indices have just completely de-coupled from reality or are just being helped by AI-hype?), th

While it's likely due to other factors (i.e. like maybe the stock indices have just completely de-coupled from reality or are just being helped by AI-hype?), the fact that US job openings seemingly de-coupled from S&P 500 in Nov/Dec 2022 when ChatGPT was publicly released (as a web app) is pretty interesting.

tommy_axle 1y ago
There was more also going on in that time-frame: several interest rate hikes, no fix for section 174 changes by the end of 2022. Maybe someone will pinpoint whatever had the largest impact in a detailed study.
- Ekaros 1y ago
  I still think some sort of shift in trends. Maybe it could have been COVID totalitarianism ending and as such shifting trend in leadership to reduce investments. Lot of headcount decision might not be actual needs, but what in general looks good for stock market. And if there is no more growth expected from WFH, well less hiring and reducing labour force looks better.
AznHisoka 1y ago
ChatGpT was used by probably 0.01% of people back then. I highly doubt it would have a discernable impact back then. Even in 2023, it would be way too early. Early adopters were the main users, not the mainstream public
an0malous 1y ago
No, it’s because $15T (80% of the money supply) was printed during COVID and while that money initially circulates through the system it eventually pools up into certain places like stocks and housing
johnnyanmac 1y ago
So much coincidentally happened in 2022 and I'd feel like I'm wearing tinfoil if I tried to connect them. Google/Apple changed how ads worked, S178 was deleted, we were at the tail end of a global pandemic that we're still feeling to this day, and of course ChatGPT started to take the world by storm. And those are just off the top of my head.