Stocks are nearing all-time highs once again, with the Dow and S&P 500 both within 1% of their records. Yet big fund managers are now the most bearish they’ve been in some time. We’ll look at what that means for the market. Plus, Bitcoin is just shy of its own record high, reaching its highest levels since April as the first ever bitcoin futures ETF begins trading. We’ll bring you all the details. And, in today’s Rapid Fire: which retailers can weather supply chain snarls, the company that could be the next meme stock and Goldman’s new conviction buy.

Bond yields are on the rise as “stagflation” worries grow. Just how worried should equity investors be? We’ll ask the experts. Plus, we’ll bring you all the headlines from Apple’s latest event, where new AirPods and Macbooks powered by Apple’s new chips are expected. And, in today’s Rapid Fire: some bullish analyst calls into earnings season, including what Wall St. is saying about Netflix, Chipotle and Facebook.