Stocks seemed to shrug off the red flag Target raised when it cut guidance for the year, but how strong is the consumer really? With rising rates, a tenuous job market and consistent inflation, will demand exist even when supply chain concerns iron themselves out? Plus oil prices rising to 3-month highs, but J.P. Morgan’s Marko Kolanovic says even higher prices may not mean a recession is inevitable.

Markets dropping despite a better than expected jobs report as investors seem to think strong employment will prompt the Fed to be more aggressive. Plus Apple shedding nearly 4% ahead of its WWDC kick off next week. The Chart Master dives in to see what’s next for the stock.