by Tom Luongo, Tom Luongo:

Last Friday’s Non-Farm Payroll report came out with a massive 517,000 new jobs created in January. It blew expectations completely out of the water and forced onto global markets a different view of the US economy than the one it held just two days earlier when the FOMC announced another 0.25% hike to the Fed Funds rate.

Of course, this number was likely ‘goal-seeked’ as Zerohedge put it in their initial article.  I don’t disagree with Zerohedge’s conclusion.