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July 28, 2026 - Tech Rout, Fed Shock: The Hike Wall Street Never Saw Coming
The technology trade cracked—and suddenly, the market’s biggest fear is no longer that the Federal Reserve will delay rate cuts. It is that the Fed may be forced to raise rates again.
In this episode of Market Pulse, we break down the forces behind the tech rout, the abrupt hawkish repricing in the rates market, and why high-duration growth stocks are especially vulnerable when Treasury yields surge. We also examine whether the selloff is merely a crowded-positioning reset—or the beginning of a much deeper market regime change.
When investors start pricing a surprise Fed hike as tech…
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