February jobs report shocked markets with 92,000 jobs lost, far below expectations. Unemployment rose to 4.4%. Revisions show weaker hiring. This was third payroll decline in five months.

Federal Reserve Governor Stephen Myron says weak jobs report strengthens case for more interest rate cuts to support economy. Labor market has clearly softened, monetary policy may need to become more accommodative despite uncertainties like higher oil prices.

Fed debate ongoing with inflation still above target. Fed watch tool shows 4% chance of cut this month, 20% in April, 50/50 in June.

Market rewarding companies providing visibility like Marvel projecting 30% revenue growth for 2027 and Broadcom locking in memory supply until 2027 with AI chip revenue expected over $100 billion.

Investors bought Chinese names today with China Internet ETF rallying. Alibaba, Pinduoduo, Baidu up, JD.com up 6% after 9% rally in Hong Kong.

Next week's CPI and PCE data crucial for shaping Fed easing expectations. PCE remains stuck near 3%, any upside surprises could deal blow to rate cut bets.

China inflation numbers this weekend and trade data from both US and China next week important. US trade deficit unexpectedly widened in December, dragging on Q4 GDP.