Markets weak across board with NASDAQ down ~0.75%, driven by jobs miss and oil price spike with Qatar warning of $150/barrel oil.
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Jim Lebenthal
Market pattern of starting low and rallying may continue, but oil shutdown could cause extended inflationary bump; Fed may have to look through it due to weak jobs.
Stephen Weiss
Oil price spike plus weak jobs report compounding to movement in long end of curve, with FOMC members more concerned about inflation than publicly stated.
Josh Brown
Stock market hasn't bought into oil price spike narrative; energy stocks not following through on WTI crude move suggests big institutional money not buying $150 crude story.
Josh Brown
Risk-off move on Friday makes sense given unpredictable situation in conflict zone with two-day market gap ahead.