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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.
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