U.S. CEO turnover hit a notable slowdown in November—a 26% drop compared to 2024 levels. That's not random noise. Companies are tightening their leadership decisions, signaling broader economic caution in the current environment. When corporate boards get risk-averse, it ripples across markets. This kind of institutional hesitation typically precedes either major market shifts or extended periods of consolidation. Worth monitoring if you're tracking macro trends and their impact on capital flows.