- Listen to the Perfect Spiral football podcast at https://open.spotify.com/show/1q3PEgbgV1qrbO7fEK6TbU?si=2e32ce8e9d794d47

- ECB hikes interest rates with surprise 0.75% increase

- Friday's bear market rally will likely be short-lived

- QE was the Fed's way of causing a wealth effect to stimulate the economy, QT will reverse the wealth effect and cause stock prices to fall

- ARKK and the NASDAQ will suffer the most from higher interest rates

- Gold is a much safer asset than bonds and is outperforming all stock market averages in 2022

- Kroger stock pops 7% on earnings as consumers trade down to lower quality stores and try to stretch their budgets

- Stock earnings will likely hold up relatively well in Q4 but stock multiples will come down anyway