Thoughts on the latest CPI numbers and their impact on tech

The latest CPI print came in a bit hotter than expected, which definitely has me reconsidering some of my watchlist positions, especially in the more growth-oriented tech names. While the market didn't have a massive knee-jerk reaction, it feels like the narrative of potential rate cuts this year might be shifting, or at least getting pushed further out. I'm keeping a close eye on how this translates to 10-year yields and what that means for valuations in the higher-multiple sectors. Definitely makes me think about rotating into some more defensive plays or sectors with strong free cash flow generation for the short term.