Thoughts on Tech Resilience Post-CPI

The CPI print this morning, while not a complete shock, certainly didn't give the doves much to crow about. What's interesting to me is how the big tech names, even with the broader market's initial wobble, seem to find their footing fairly quickly. $GOOG, for example, is down a touch at 355.03, but it's holding up above its intra-day low of 350.7, suggesting some underlying demand or at least a lack of panic selling. It makes me wonder if the market is increasingly viewing these companies as robust enough to weather a 'higher for longer' rate environment, given their strong balance sheets and often sticky customer bases. I'm keeping a close eye on this dynamic, particularly how it affects my options plays that thrive on stability in that sector. It’s a bit of a shift from how tech was treated just a few quarters ago, and it's something worth factoring into how we assess risk in the current landscape.