An Explosive February Jobs Report Could Cause Market Chaos?
The February jobs report is extra special this time around for how investors will be scanning it for inflation.
The bulls better hope the February jobs report doesn't come in too hot.
If non-farm payrolls blow by 200,000 and average hourly earnings growth quickens from the 2.9% pace seen in January, stocks could tank on inflation fears. With inflation fears comes the specter of faster interest rate hikes by the Federal Reserve, which we learned in early February the market hates.
Should stocks take a beating, it will be the hot tech names such as Netflix (NFLX) - Get Report and Action Alerts Plus holding Amazon (AMZN) - Get Report that take a hit the first.
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