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Goldman Sachs is Getting Interesting: Oil, Jobs, and the Financials Selloff
The February jobs report showed 92,000 jobs lost. Oil is now trading above $90 a barrel, WTI crude surging roughly 37% in a single week as the Iran war chokes off the Strait of Hormuz. Gas prices at the pump just hit $3.32 a gallon nationally, their highest level of the year, and analysts are warning of $100 Brent crude if the disruption holds. I walk through exactly what is happening in energy markets and what it means for investors right now.
That sets up the Fed's so-called dilemma. The jobs market is cracking and oil is spiking at the same time. Everyone in financial media is treating…
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