Several large tech stocks dropped eye-popping sales results, with Facebook (NASDAQ: FB) growing 48% year over year and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) expanding 34%. ISM's purchasing manager index indicated very strong economic activity, with high demand putting strain on every level of the supply chain. Commentary from the Federal Reserve has not officially wavered, but Jerome Powell has recently acknowledged the uptick in economic activity and potential inflation on the horizon.