Fed's Dot Plot and the "Higher for Longer" Narrative

The latest dot plot update has certainly reinforced the "higher for longer" sentiment. While we've seen some recent cooling in inflation data, the Fed's stance seems to be unwavering for now, and the market is digesting that. This recalibration of rate expectations is having a clear impact across asset classes, with bond yields creeping up.

Watching how this plays into commodity demand, especially with $CORN seeing a noticeable bump today. Also curious about the spillover into growth-sensitive sectors like tech. $KWEB is showing some resilience, but the broader macro picture presents headwinds for many names. My watchlist is leaning towards names with strong balance sheets and less reliance on cheap credit.