We should remain cautious in the interim and maintain a neutral to slightly underweight exposure to the market, says Kevin Nicholson. He discusses the outlook for the markets following this week's sell-off. He also talks about how this week's inflation data will impact the Fed's rate hike decisions. He then goes over how FedEx (FDX) withdrew its fiscal year guidance as the CEO warns of a "global recession." Finally, he goes over how investors should position themselves in the current market environment. Tune in to find out more about the stock market today.