If you’re a seasoned tech investor and you’re not increasing long exposure here (on the many selectively cheap stocks with strong forward earnings growth) then you should re-evaluate what you do for a living. Don’t let price action drive narrative. Yes rates won’t be cut as aggressively; but news flash, most stocks are already quite cheap. Loads of companies are positioned to grow FCF/earnings significantly whether rates are 3% or 4%. We don’t need ZIRP for stocks to provide attractive return profiles (as evidenced by fact that prior market peaks occurred when 10Yr was 4.5-6%). Health of economy is more important to returns then 10Yr, and the economy is in good shape. 

Market is increasingly becoming as neurotic as a TikTok-addicted, ADHD-ridden pre-teen locked in their bedroom. Touch some grass bro.