Stocks pull back on latest inflation report and new U.S. strikes on Iran

The stock market had a rough day, with the Dow closing nearly one thousand points down and the S&P 500 and Nasdaq also experiencing significant losses. The latest inflation reading showed consumer prices rising 4.2% on an annual basis, the highest in three years, but investors seem to be taking it in stride. Meanwhile, the US and Iran are exchanging blows in the Middle East, with oil prices spiking as a result. In this episode, we dive into the latest market news and expert analysis, including the impact of the inflation reading and the geopolitical tensions. The market reaction to the inflation news was swift, with stocks pulling back, but experts say the effects will be short-lived. The US economy is expected to continue growing, with a possible recession on the horizon, but the question is when will the government's spending catch up with reality. We also discuss the upcoming SpaceX IPO, which is expected to be the biggest in history, and how it may impact the market. With the US and Iran's tensions escalating, the world is watching to see how this will play out. Frank Mottek is joined by expert Daniel Ives, Managing Director and Global Head of Technology Research at Wedbush Securities, shares his insights on the market and the impact of the SpaceX IPO. He believes that the market is experiencing a "gut check moment" due to the geopolitical tensions and the SpaceX IPO. We also talk to prominent economist Christopher Thornberg about the latest inflation reading and its effects on the economy.See omnystudio.com/listener for privacy information.