Fed's Dot Plot and My Q4 Watchlist
The latest Fed dot plot still points to a single cut by year-end, which feels a bit hawkish given the recent CPI data. We saw $ABC trading flat today around 179.98, which is interesting for a defensive play in this environment. If rates stay higher for longer, the growth narrative might need more time to bake in.
I'm still looking at sectors less sensitive to interest rate hikes for my watchlist. Thinking about industrials, specific healthcare plays. Also keeping an eye on crypto, $ADA moved up slightly to 0.1667, showing some resilience but still range-bound. Not expecting fireworks but building a thesis around a prolonged higher rate environment.
The Fed's dot plot often feels more like a suggestion than a firm plan; CPI data definitely complicates their single-cut narrative. Are you adjusting your defensive play strategy at all if the 'higher for longer' thesis starts to look more permanent?