Once again, while semiconductors roared to new highs, Transportation as seen through IYT the ETF, sold off.Retail XRT closed marginally green after better-than-expected consumer confidence data.Regional Banks fell closer to the critical levels of support.Biotech had a bad day as well.And Bitcoin is also back-testing critical support.This is leaving a very bad taste in the mouths of astute investors.However, it is also proving that stagflation, currently a grossly underused word, is becoming ever more present.
Wheat is just the latest example of a commodity making a move up in the face of geopolitics and weather.This is with gold, silver, copper, natural gas, oil, and uranium all closing green.More By This Author:Pay No Attention To That Tran Behind The Curtain? A Digital Economy – Blockchain And Investing Dogecoin – Surely, You Must Be Joking?
