- Stocks get clobbered on Friday to finish a very volatile week on Wall Street

- CPI inflation data comes in twice as high as economists expected as Retail Sales data shows consumer continues to weaken with the economy

- Cyclical and growth stocks continue to get hammered with interest rates and bond yields continuing to rise

- US Dollar Index reaches new high on the year as investors blindly bet on more rate hikes / peak inflation

- Tom Lee and CNBC analysts have been completely wrong on anything and everything in markets this year

- Gold continues to outperform everything (S&P 500 / DOW / NASDAQ / Bonds / Bitcoin) as yellow metal flies below the radar

- OPEC production cuts keep oil prices propped up amid recession fears 

- Pepsi reports 17% Y-o-Y increase in product pricing as they beat earnings estimates along with JP Morgan, Wells Fargo

- The Federal Reserve is behind the inflation curve more now than they were at the start of 2022