We are “data-dependent” and payrolls were shockingly strong.  Here are my big takeaways from the week: Strong payrolls – despite ALL the hurdles. Payrolls overcame oil industry hurdles, strong dollar hurdles, Obamacare hurdles, higher minimum wage hurdles,[1] strong Q4 print hurdles, global concern hurdles – and the revisions were strong as well!  Corporate earnings didn’t seem that great – I can’t imagine firms are out hiring like gangbusters, so it almost doesn’t compute. I fear the Fed may remove “patient” in March. We saw in the Dec meeting that the FOMC puts a lot more weight on strong payrolls, than…

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