Inflation Hotter Than Expected as Consumer Prices Surge

The video discusses the unexpected rise in CPI and inflation rates, analyzing their impact on the market, particularly the NASDAQ and S&P 500. It highlights changes in energy and consumer prices, such as gasoline and used cars, and examines the effect of inflation on wages and the broader economy.

What impact did the inflation surprise have on the NASDAQ and S&P 500?

Discuss the changes in energy prices and their implications as mentioned in the text.