Watching the bond market amid Fed rhetoric

The Fed's hawkish tone after the last CPI print, despite a slight dip in core inflation, seems to be setting the stage for a prolonged 'higher for longer' narrative. Bond yields are reacting, and it's making me reconsider some of the growth plays I had on the watchlist. The market seemed to digest the news relatively calmly initially, but there's an undercurrent of caution now. I'm focusing more on companies with strong free cash flow and less sensitivity to rate hikes, especially if the 10-year yield decides to push higher from here. It's not about making a big pivot, but rather fine-tuning the screens for potential resilience in a tighter capital environment. Still keeping an eye on things like $UGAZ given the broader energy picture, but equities feel more tied to the rates story right now.