Soft landing narrative got crushed U.S. lost 92,000 jobs in February Unemployment jumped to 4.4% But wages still rose 0.4% Stocks are already reacting Dow -1.2% S&P 500 -1.19% Nasdaq -1.57% Jobs are disappearing, prices are still rising, oil is at $87 This is exact stagflation scenario the Fed feared Bad news for the economy Bad news for the market Bad news for the Fed(Justin Wu)