Market closes slightly down but flat for the most part, a welcome calm day given recent volatility. 

Fed Reserve Governor Michelle Bowman says inflation seems to be happening sooner than expected, but long run will be manageable. Some Fed Executives want to speed up the timeline for backing off of easy money policies, however chairman Jerome Powell seems to be remaining firm on his stance on the timeline.

 A reminder that money velocity influences inflation as well as supply, which could play a role due to the revenge spending taking place this summer. 

Bitcoin holding around 33-34k, still need to break 40k to show true signs of strength.