Both equities and crypto are getting rocked. It's a full-on bloodbath i'll, be letting you know what is coming on. It was basically because of the cpi report. It's the consumer price index, not good, and then on top of it in the world of crypto.

Things are even a little bit more worse because of what's going on with tara's luna and that's a stable coin, and that is currently in the middle of the death spiral. So those are two things that we really really need to get into. So you can better understand what the hell is happening and if you apply it right, ideally, you can make some money. You can make money in any current regime of the market, the upside the downside sideways backwards inside out it doesn't matter.

You can make money, you don't just have to buy and hold that's not the only way to make money in this market and, honestly, that's exactly why a couple minutes out. I think five minutes after the inflation report came out this morning. I went short against the market, the inflation came in way too hot and we talked about this at nauseum ever since last week. All the way.

Up until yesterday i was warning everyone. Consumer price index report comes out at 8 30 a.m et today. So it's been out for about 32 minutes and the inflation unfortunately came in hot the way this impacts everything is when it's hot. That means that the fed has to be more hawkish them being more hawkish allows them to battle inflation, but a side effect of that.

A very important side effect of that is that it makes a less accommodative environment for the overall market. That's why you're seeing things get a swift kick to the ball, sack right now, but obviously i will explain it in more detail in just a second. The consumer price index came out this morning. The cpi report, cpi, is basically how expensive have things gotten for you and me as the consumer, and the answer to that is a lot very expensive.

The expectation for the year over year was 8.1. It came in at 8.3, as inflation was hot, it was higher than expected, and this comes back to what i've been trying to pitch to you over the past week really of if it comes in hot, look for things to sell off and that's exactly what's going On in the market, came in at 8.3, year-over-year expectation was 8.1 and in reality, the way they actually get. This number it's most likely still understating how bad inflation is month. Over month the expectation was an increase of 0.2, it was 0.3, so they were off on that.

And then, if you look at core excluding energy and food, the expectation was 0.4, but it came in at 0.6. So across the board inflation was hot, hot hot. So year over year, let's get into some of the specifics of what you need to know about gasoline year-over-year up 43 used cars up 22 new cars up 13 electricity up 11 transportation, up 8 percent and then, if you get into the world of core foods, such As meat fish and eggs, that is up 14. No, it is not you losing your mind, thinking that everything is more expensive, it is more expensive and then, if you were watching yesterday's vod or even the stream, when you pair that, together with the fact that yes, our hourly wages, going up our weekly wages, going Up, yes, they are, but unfortunately they are not going up at the same rate as everything else.

It is not a craziness in your mind, it is just becoming more expensive to live. Basically.