Latest 9.1% Inflation Rate Will Crash The Market Again! Here's Why

The CPI for June 2022 was just released a few minutes ago. And, the current US inflation rate is…. drum roll, please!!

9.1%!!

I repeat, a whopping 9.1%!!

What does this all mean?

Despite the strengthening of the dollar or the pump of DXY, the inflation rate is still extremely high.
IMO, the war in Ukraine is the direct cause of this inflation (rise in gas and fuel prices).

Anyway, 9.1% inflation translates to a real interest rate of -6.42% in June
[2.68% (nominal rate) -9.10% (inflation rate) = -6.42% (real rate)]
Inflation is supposed to be a piece of good news to everything none dollars, such as stocks (especially tech stocks) and cryptocurrencies. But, at this point, the fed is going to just keep raising interest rates until the inflation calms down. We already know the fed said they’re going to hike the rate this month, and in early September, the high inflation just confirmed their next course of action.