Fed comments and my thoughts on $COMP

Watching the market reaction today, particularly how $COMP is holding up after yesterday's broader tech sell-off, really has me thinking about the Fed's recent commentary. We're sitting around 11.7658-12.215 on $COMP, down a bit at -1.48% today, but it doesn't feel like a capitulation move to me. The market seems to be digesting the 'higher for longer' narrative, but perhaps also starting to price in a more gradual approach from the Fed, rather than an aggressive tightening.

I'm curious to hear how others are interpreting this for the mid-cap growth names that make up a decent chunk of $COMP. Are we looking at a floor being established, or is there more room to the downside if inflation proves stickier than expected? My watchlist for Q3/Q4 is heavily weighted towards companies with strong free cash flow and lower debt, assuming the cost of capital remains elevated. I'm trying to figure out if this recent dip on the $COMP is an opportunity to scale into some of those positions, or if we should expect another leg down. The $FI numbers are interesting too, showing a slight positive. Is that a flight to safety within financials or just business as usual? Trying to put the pieces together.