Consensus calls for at least four rate hikes this year to start in March, which David Petrosinelli agrees with. He believes the market has already priced in these rate hikes, which Petrosinelli says will be more dependent on what happens with inflation over the next couple of quarters as well as by how much supply chain pressures will be alleviated. Petrosinelli also discusses what other economic headwinds are pressuring markets, including wage pressures and cases of COVID-19.