Commentary  The recent stock market rally is a trap. This is because Wall Street is vastly underestimating how hawkish the Federal Reserve will have to get in order to fight inflation, and how much weaker earnings and GDP growth will become as a result. The fact is Federal Reserve Chairman Jerome Powell has finally become enlightened to the inflation crisis engendered by his own hand. The Powell’s inflation epiphany is mainly the result of his observation that shelter costs are soaring out of control. He now realizes that he will have to pop the housing bubble in order to vanquish inflation. The data on this front is shocking. Home value growth was so extreme last year that it actually surpassed median salaries in 25 of 38 metropolitan areas across the country, according to real estate website Zillow. Rent prices surged by nearly 20 percent nationwide year over year in January, …