We’ve now had a couple of months in 2024 where economic report revisions have come in, and they have been significant. This has changed the outlook on the economy from bullish during the last part of 2023 and January, to now being more uncertain.  First, the February payroll report showed an increase in non-farm jobs of 275,000, beating the consensus pre-report estimate of 200,000. However, that report came with downward revisions of 167,000 jobs to both the December and January initial estimates. That was the largest monthly downgrade for any non-COVID shutdown month since late 2008, at the beginning of the last recession. Thus, the adjusted February payroll report was just 108,000 above the original January level, and thus bel...