The SPDR S&P Insurance ETF (KIE) has been decidedly weak relative to the S&P 500 throughout the year.

The Power of the Patterns take on JJG is this - A bullish falling wedge seems to have formed, which suggests that 65% of the time a rally will take place. This bottom of the wedge formed at a potential triple bottom.

There is additional food inflation going on currently in a wide variety of areas — and this is the kind of inflation that affects the majority of people directly, and one which the Fed seems a bit oblivious about in their reported price inflation data.