Here, Scott shares a market update & 7 key points including:

1. Markets down 1% today - far better than earlier this morning's 2.5%-3%.

2. The markets are down because the inflation reading is at 8.4%.

3. Oil back up to $88/barrel.

4. 10-year treasury flat at ~4%.

5. 1-year treasury back up to ~4.3%.

6. Bitcoin is at about $18,400.

7. Mortgage rates up to ~7%.