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 this like the Fed faces some impossible choice. I do not buy it. Cut rates. The labor market is telling you everything you need to know and I am not losing sleep over the Fed's feelings on this one.On the portfolio side, I have been watching Goldman Sachs closely on this selloff and getting increasingly interested in the stock. I walk through why financials have been under pressure and what the setup looks like from a long term investing perspective.I also get into the defense manufacturing picture and what people are not talking about enough: restocking takes years, not months. Missiles and weapons systems do not get replaced overnight, and gallium, a critical rare earth mineral used in defense and semiconductor applications, is an area of real strategic vulnerability that deserves more attention from investors.Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com#investing #stocks #finance #wallstreet #GoldmanSachs #OilPrices #Iran #StraitofHormuz #FederalReserve #Stagflation #JobsReport #DefenseStocks #RareEarths #Gallium #Macro #EnergyStocks #InterestRates #Inflation #LongTermInvesting #RigatoniCapital #WTI #CrudeOil