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Takeaway: Today's NFP report is a certified train wreck for the "economy is improving" crowd.

Oh how the tables have turned...

Today's #JobsBomb was downright terrible. Vomitous. And to be clear, virtually no one on Wall Street saw this coming ... except of course our Macro team. 

Rewind to November. Outspoken Hedgeye CEO Keith McCullough was on Fox Business. He was warning viewers about the risks of #EmploymentSlowing, while most pundits were applauding the "Where's Waldo" Jobs Report that showed a non-farm payroll number of 271,000. In the clip above, McCullough laid out our call on #TheCycle and why the U.S. economy is sliding off its peak.

By the way, back then the 10-year Treasury yield was at 2.32%.

Today? 1.72%.

Yes, U.S. growth is slowing.

yes. we called it.