Semiconductor play Amkor Technology, Inc. (NASDAQ: AMKR ) fell 8% after an earnings beat largely driven by insurance payouts related to Japanese earthquake damage. But beneath the surface, warning signs remain from narrow breadth, extended sentiment, rising odds of a rate hike, and some ominous market history patterns. A sudden inflation surge will raise the pressure on the Fed, including one at the March Federal Open Market Committee (FOMC) meeting, and add a new element to the tax reform/infrastructure spending plans being formed in Washington.