Shopify(TSX:SHOP)(NYSE:SHOP) is likewise underperforming (-8.55%). If the downward trend continues, should investors move to sectors that would fare better in an inflationary environment? Find ideal hedges against inflation The TSX started the week of May 10, 2021, strong before skidding in the next three trading days. Fortunately, the energy and financial sectors led a broad-based rally and enabled the index to climb 230.90 points to recover the losses. Philip Petursson, chief investment strategist at Manulife Investment Management, describes the week as a yo-yo of investor motions. Again, it was the U.S. inflation numbers that scared investors. The Bank of Canada keeps interest rates at an effective lower bound until it achieves its inflation objectives. Meanwhile, investors seem to be taking profits and veering away from high-flying growth stocks, mostly constituents in the tech sector.