Thoughts on the latest CPI print and what it means for growth names

That CPI print yesterday certainly threw a wrench in things, didn't it? I was really hoping to see a continued softening, but the sticky core components definitely give the Fed more room to maintain a hawkish stance. My initial thought was that this would put immediate pressure on the higher-multiple growth stocks, and we saw some of that yesterday. $PLTR, for instance, saw some red today, trading around 155.92, though it's staying within its daily range of 152.7-158. Not a massive sell-off, but enough to pause for thought.

I'm watching the bond market closely now. If yields continue to creep up, it's going to make that future earnings discount less appealing for these sorts of names. My watchlist for the next few weeks is going to be heavily focused on identifying companies that can truly demonstrate robust revenue growth, even in a higher-rate environment, rather than just those with promising narratives. It's time to be even more selective, in my opinion. What's everyone else thinking?