Fed comments and $SPY's climb – watching for follow-through

Interesting to see the market's reaction today, with $SPY closing up +0.87% at 751.28. We've had a few Fed speakers out recently, mostly echoing the 'higher for longer' sentiment, yet the broader indices just seem to shrug it off or, in the case of today, push higher. It makes you wonder if that hawkish narrative has been sufficiently priced in, or if there's simply too much liquidity sloshing around looking for a home.

I'm not entirely convinced this run is sustainable without some real earnings catalysts or a clearer dovish pivot from the central bank, which doesn't seem to be on the immediate horizon. My watchlist remains focused on names that have demonstrated resilient free cash flow and aren't overly reliant on multiple expansion. Less exposure to the high-beta, narrative-driven plays for now. The current momentum is strong, but the macro undercurrents still feel a bit shaky for conviction long-term positioning. Keeping an eye on the 752.37 high from today to see if it acts as resistance or a launchpad tomorrow.