Fed's comments and what it means for my watchlist

Watching the Fed's commentary closely yesterday. Powell's tone, while not overtly dovish, definitely left room for interpretation regarding future rate hikes. It wasn't the hard hawkish pivot some were perhaps bracing for, which I think is why we're seeing a bit of a mixed bag today in terms of market reaction. Nothing dramatic, but a slight easing of some of the pressure.

I'm thinking about how this plays into my positioning, especially on the tech front. The higher-for-longer narrative has been a real drag, particularly for growth stocks that are more sensitive to discounted future earnings. If we're truly at or near peak rates, or at least seeing a pause in the aggressive hiking cycle, that takes some of the wind out of the sails for those 'value' plays that have been benefiting from rising rates. It might not be a direct catalyst for an immediate rally, but it certainly shifts the risk/reward slightly. Keeping an eye on a few of the more beaten-down names in my watchlist for potential entry points if this sentiment holds. Also noticed $EURCAD just ticking along at 1.60759 today; always interesting to see how the ripple effects eventually translate across different pairs and asset classes.