The Fed's fight against inflation is creating value fixed income while creating volatility in stocks (VIX) and bonds (MOVE), says JR Humphreys. He discusses some big questions around the Fed, earnings, and future recession. He also examines the Preferred-Plus ETF (IPPP) and goes over the bullish case for preferred equity. He says that 5.95% yield on U.S. aggregate bond is the highest since the later part of the 2008-09 recession. He then goes over how we will soon see how higher rates and a stronger dollar (/DX) impact earnings. Tune in to find out more about the stock market today.