Fed comments and their downstream effect on risk appetite
Jay Powell's hawkish tone yesterday was no real surprise, but the market's initial shrug then the subsequent re-evaluation of rate-cut probabilities has been interesting. It makes you wonder how much further risk-on assets can truly run when the prospect of 'higher for longer' seems to be getting entrenched. I'm keeping a close eye on $PLTR; it's still showing resilience, but the broader macro picture might just put a ceiling on further breakouts.
I'm still trying to connect the dots between Powell's comments and how exactly they trickle down to affect individual stock performance, especially for a tech name like PLTR. Does a 'higher for longer' rate outlook impact growth stocks more directly, or is it more of a sentiment thing that ripples across the whole market?