Stocks could take their cue from oil, inflation and interest rates in the week ahead

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March's jobs report is coming up in the week ahead, but it's more likely to be developments around Ukraine, oil prices and inflation that steer the market.

Rising oil prices have been driving inflation expectations higher, and the bond market is closely watching crude prices, as is the stock market."It seems like oil north of $100 has some staying power," BMO's Jeffery said.

"It's just a barometer for those other things — the Ukraine conflict, inflation and the Fed," he said. Arone said stock market fundamentals are better than some investors expect. When inflation rises, topline revenues can also go higher.

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