Latest / Rigatoni Capital Podcast
92,000 Jobs Lost, Markets Not Even in Correction: Is Now the Time to Buy?
The February jobs report just dropped and it is ugly. The US shed 92,000 jobs last month, a massive miss versus expectations of a gain of 60,000, and the unemployment rate ticked up to 4.4%. It is the third time in five months the economy has lost jobs, and the revisions made it worse. December was revised from a gain of 48,000 to a loss of 17,000. I break down what this means for the Fed, for inflation already under pressure from rising oil prices, and for your portfolio.
From there I get into the big question hanging over this market: we are not even in a correction yet on major indexes…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.