As long as earnings and AI spending remain strong, buyers have a reason to stay engaged. However, if inflation remains above 3% and Treasury yields start pushing higher again, the market may have to reassess how much growth it has already priced in. For now, I'm paying closer attention to inflation, bond yields, earnings quality and market breadth rather than chasing every rally. The growth story is still alive, but the macro environment is giving investors less room for mistakes.
