In this conversation, Trevor and Chris Vermeulen discuss the market reaction to the CPI inflation data and the potential for rate cuts. Chris emphasizes that as a technical trader, he follows price rather than relying on the actions of the Fed. He believes that the market is currently in a state of extreme FOMO and warns of potential volatility ahead. They also discuss the performance of small-cap stocks, the fixed income market, and the potential for a major market top. Chris shares his insights on the precious metals sector, predicting a multi-year correction in equities and a rally in gold and silver. He advises patience and waiting for the right entry point into mining stocks.