While this initial phase of inflation and soaring commodity prices has been all encompasing and coincided with a fairly robust economy, one needs to become more discriminating going forward. Many investors and  members here, have been bullish on a wide variety of stuff and that has worked out so far.  The economy is clearly starting to slow and roll over as a result of inflation and higher interest rates.  Those hanging their hats on things that are very sensitive to the economy, like copper and oil amongst others, are likely to be disappointed. Even when China ends their Covid lockdowns, the slowing US and most of the industrialized world will see gluts form in oil first, copper and eventually semiconductors as well. Food, grains, chicken, pork, beef etc will continue to ramp up because while some substitutions will take place, people still need to eat. The ultimate inflation hedge, (gold and silver)despite price suppression and manipulation, will also continue higher. There are always stocks and other things that go up even in bear markets, just not as many as in bull markets.