Fed's Dot Plot Shift and My Tech Watchlist

Reading into the Fed's dot plot today, the more hawkish tilt isn't entirely unexpected given the recent CPI prints, but the market's initial reaction has been telling. Bond yields are spiking a bit, and that's naturally putting pressure on growth names. My tech watchlist, specifically some of the higher-multiple software plays, is taking a hit. I'm not ready to dump everything, but I am reconsidering entry points and maybe trimming a few positions that were looking a bit stretched. It’s a good reminder that even with solid earnings, macro headwinds can wipe out gains in a hurry. Keeping a close eye on jobless claims next week for any further clues on the labor market's strength.