Here's what the overall picture shows.
The big difference is that the Fed is not in a position to bail out the market this time.
The US may very well escape recession this year, putting it off until early next year. Other global economies may not be so lucky.
Bongbong Marcos has operated almost exclusively through social media during his campaign, calling for 'unity' and glossing over his father's dictatorship.
The current Fed Chair's admiration for the legendary Fed chief who wasn't afraid to jack up rates to tame inflation may have been caught a day late.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
Launched just this week, the Merk Stagflation ETF is a fund-of-funds that focuses on four asset classes.
Has the FOMC heeded Market Recon's advice? Probably not.
The impact of the war in Ukraine on food supplies and the effect of Fed rate hikes on the pace of the economy are big concerns moving forward.
These markets expect the Fed to take the FFR up 225 basis points by September and another 50 bps to make 275 in total by year's end.