gordonscottcmt

Investors think inflation won't hinder growth

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
In this weekly chart of stock sectors, it seems clear that investors aren't panicking and heading to Utilities. However commodity and inflation-sensitive sectors made a big pullback this week. This would seem to indicate that investors think the supply issues are going to be resolved soon, and that growth will happen with or without higher prices coming along. That would seem to mean its a good time to be buying the dip.

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