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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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