Thoughts on Tech Bounce and Fed Talk

It's interesting to see the bounce in some of these tech names today, particularly after the recent hawkish commentary from the Fed. $KWEB is up a decent clip, trading around 27.8, after what felt like a bit of a floor was forming yesterday. It's a curious dynamic, almost as if the market is deciding which Fed-speak to actually internalize.

My watchlist is still leaning towards quality names that have proven resilience, but I'm also starting to look at some of the beaten-down growth plays that might have overshot to the downside. The question is whether this is a dead cat bounce or if the market is genuinely starting to price in a less aggressive tightening cycle than some of the Fed rhetoric suggests. The jobs data next week will be a significant data point, and I suspect we'll see more volatility around it. Not looking to chase anything here, just observing the divergence for now.