The labor market is still very tight, you're not going to see a lot of job losses, and some employers are having a struggle to get employees, says Michael Zarembski, Director of Futures at Charles Schwab. Europe is seeing sky high energy prices and sky high inflationary rates, explains Michael. The U.S. economy is still going strong, he says. Michael, a former wheat trader, says he has never seen the wheat futures (/ZW) market like this, especially when looking at the spreads. Lastly, they discuss the elevated volatility index (VIX).