Hello SpikeTraders,Markets traded mostly flat half the day and then fell sharply in the afternoon closing near its lows. The selloff occurred before Wednesday’s inflation report, as the interest rate inversion inverted to levels last seen in 2007. The fears that rate hikes will send the economy into a recession remains. As previously mentioned, by the time the data says we are in a recession we are closer to the end than the beginning. The data is very lagging just like the inflation data has lagged. Let's look at the charts...