The economy just lost 92,000 jobs.
Oil is at $99 a barrel. Factories are running 4 points below normal capacity. And unemployment is creeping toward 4.4%.
Translation: growth is stalling, costs are rising, and the Fed is stuck watching.
That's stagflation — and Industrial Production data just hit the wire at 8:15 AM with fresh confirmation.
Blake Young goes live at 8:45 AM ET to run his full top-down read: growth, jobs, and capacity utilization — while the numbers are still moving.
He's covering:
What today's Industrial Production and capacity print tells him about the cycle
Why net job losses change every sector setup he's watching
The exact levels he's trading around this week — and why oil at $99 is the number that ties it all together
This isn't a recap. Blake's breaking it down live — while the market's still reacting.
See you there.
— TheoTrade