A.M. Update

S&P futures traded higher heading into the Payrolls after Amazon’s (AMZN +10.4%) results, but both index futures and bonds knee-jerked lower after a huge beat of expectations in Payrolls (as it encourages the Fed to move forward with tightening). January nonfarm payrolls increased by 467,000, well above consensus (180,000) while the prior month’s increase was…