<a href="https://www.bls.gov/news.release/empsit.nr0.htm" rel="nofollow">https://www.bls.gov/news.release/empsit.nr0.htm</a><p>Huge numbers. December and January revised up. Participation rate is up. U3 is down to 3.8%. Wage and price pressure are going to keep increasing and the Fed probably feels very comfortable raising rates with employment this strong.
Hard to get excited for this with WTI Crude at $110 and nothing to stop oil prices and inflation besides demand destruction from a recession.<p>A .5 hike is already off the table for the March Fed meeting.<p>To me it feels like we are racing towards a miserable stagflation environment with our stimulus tools never reloaded.<p>Massively lagging data points look good though so we must be on the right path!<p>I think it was Stanley Druckenmiller that said he made most of his money by betting that the Fed is always wrong. The older I get the more brilliant this strategy seems.