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Feb jobs likely strong and add to Fed "behind" concerns. But SIVB sell-off contributing to tighter financial conditions (doing some work for Fed), means odds of +50bp in March ticked down slightly. Tough start to 8-week rally window.

Stocks fell sharply on Thursday, with S&P 500 falling ~2% ahead of the important Feb jobs report released today (3/10) at 8:30am ET. Equities have been soft all week, but the weakness on Thursday arguably stems from two factors (not in any order):

First, the concerns of a "hot" Feb jobs report above the Street consensus of +225k and +0.3% AHE (avg hourly earnings MoM). Whispers are stronger and even Linkup forecasts as much as +365k. This heightens concern the Fed needs to re-accelera...

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