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, but cracks are showing everywhere. Financials are selling off hard, American Express and Goldman Sachs among them, and I ask whether that is a buying opportunity or a warning sign of something deeper.I also revisit the KOSPI conversation. Was the Korean market a bubble, or was it a legitimate AI and semiconductor driven rally that got caught in a geopolitical storm? Rob Arnott appeared on the Excess Returns podcast back in January and called Palantir a bubble. I dig into that take and where it stands today. I also look at John Erlichman's 75 to 1 stock gainers list circulating on X, and what it tells us about long term investing and position sizing.On the portfolio side, I talk about Costco as a retail investment worth watching in a slowing economy, and I make the case for HALO style stocks like Comfort Systems and TransDigm. These are the kind of compounders built to hold their ground when everything else is getting hit.Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com#investing #stocks #finance #wallstreet #JobsReport #MacroInvesting #SP500 #KOSPI #Palantir #PLTR #RobArnott #HALOStocks #TransDigm #ComfortSystems #Costco #AmericanExpress #GoldmanSachs #Recession #FederalReserve #StockMarket #BuyTheDip #LongTermInvesting #RigatoniCapital