Next Day Prep #219: Oil Shock, Software Surge, and the Binary Jobs Report | Next Day Prep – Thursday 3/5/2026

Crude oil surged 8.4% to nearly $81, hammering airlines, industrials, and even defensive sectors — but software ETFs gained 2.3% as institutions rotated into oil-insensitive quality names. With Unit Labor Costs printing at 2.8% versus a 0.2% consensus and the Strait of Hormuz situation unresolved, tomorrow’s NFP report at 8:30 AM sets up as a...

The post Next Day Prep #219: Oil Shock, Software Surge, and the Binary Jobs Report | Next Day Prep – Thursday 3/5/2026 first appeared on WaveRider Markets.