Live for the Nasdaq Markets I've ever looking New York City's Times Square. This is Fast Money.

I'm Melissa Lee. Tonight's Trader lineup, Tim Seymour. Steve Grasso, Brian Kelly,

and Pete Nigerian, co-founder of marketerbellion.com. A head-on-fast inflation soaring.

Rates rapidly rising in prices under pressure. A trifecta potential trouble for the consumer

and retailers. We will chart the road ahead for the sector. Plus a wild week per weed,

from deals, looming legalization by Congress, could now be the time for investors to come back

to cannabis. And later, memento. Oh, I get you. I should sit there now.

Hey, games stop. Well, stop. The stock is up over 60% this week. Chairman Ryan Cohen scooped up

more shares. Are the apes breathing new life into this trade. We start off with the long

shadow rising interest rates and surging prices are casting over the market. The 10-year,

spiking above 2.5% today, the yield jumping more than 16% this week. Plus oil back above

1.13 a barrel today crude getting a bump after an attack on a Saudi aramco energy depot.

It finished the week up 8 plus percent. And while the S&P 500 did rebound for the second consecutive

week led higher by energy ag Tesla and Apple, the question is how long can this market hold up

with rates and inflation grinding higher? 10. And consumer confidence. We had a University of

Michigan consumer confidence restating the March number actually a little bit lower than the

one we had set. So we're back 10-year lows on consumer confidence. Color me very surprised

as someone who has seen rates move roughly 40 basis points this week on the short end and the

long end actually. And at least 45 basis points over the last nine sessions since Powell really

told us what was on his mind. And the Vixas fallen 40%. So I think what equities are doing is pretty

extraordinary. It doesn't surprise me that right now we're seeing a flight to quality into mega-cap

tech names where again there's digestible valuations. I talked a few sessions back about how great

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