I will discuss the NFP data that is setting a projection for the year. The data was good for the job market but is this really true with all the layoffs happening in january??

According to reports, the U.S. economy added far more jobs than expected in January, pointing to lingering strength in the labor market that could bolster the case for the Federal Reserve to delay cutting interest rates.

Nonfarm payrolls in the world's largest economy rose by 353,000 last month, increasing from an upwardly revised total of 333,000 in December, according to data from the Bureau of Labor Statistics. Economists had called for a reading of 187,000.

December's revision -- a sharp uptick from the prior mark of 216,000 -- was the result of an annual benchmarking process as well as seasonal adjustment factors, the BLS said in a statement.

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