Hello, inflation, my old friend. What you need to know about financial markets today

“At one point, ’50 Cent’ became ’30 Cent,’ scrimping on his usual VIX option purchases, unwilling to pay up” at the usual price, Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, recounted in a note to clients. “But in early February, when it seemed like Fiddy’s fortunes could go no lower, it came: redemption.”