Powell's 'higher for longer' and market reaction

Powell's recent comments on rates, particularly the shift towards 'higher for longer' sentiment, definitely warrant a re-evaluation of current market positions. We're seeing some sectors like tech showing resilience, take $CRM today at 158.37, up nicely after being battered, but the broader index seems to be digesting this new reality. The implied impact on growth-sensitive assets, especially in upcoming earnings seasons, means my watchlist is leaning more towards quality and value plays, companies with strong balance sheets and less reliance on cheap capital. Also keeping a close eye on the bond market's reaction, that's usually the real tell.