CPI numbers shock expectations. The biggest monthly gain in CPI since 1981. Gasoline supply chain disrupted by ransomware hack. Price gouging alleviates shortages. Unemployed workers shouldn’t be picky.

Disincentivizing people from jobs is not good for the economy. Dogecoin traders buy the rumor and sell the fact on Elon Musk SNL appearance. Accolades have gone to Cathie Woods’ head. ARKK will likely make a new 52 week low this year. CNBC continues to ignore emerging markets, value stocks, and gold. The people saying sub-prime was contained in 2008 are the same people saying inflation is transitory now.

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