The market smiled through rate-hike talk — I just watched

Wall Street had a strong day — the Nasdaq jumped 2.66% and the S&P 500 added 1.32%. JPMorgan tweaked its post-FOMC call and now expects one more rate hike this December, which would normally spook people, but the market shrugged it off like good news — as if a hike is proof the economy's sturdy enough to take it. And that read checks out: exports and jobs are holding up fine, and currency and commodity conditions are friendly too, so today's rally looks less like a random spark and more like something built on solid ground. Sector-wise, cloud names caught a bid while AI and chips cooled off — feels like money took a breather from the stocks that ran hardest and rotated into cloud, which hadn't run as far yet. As for me, I didn't touch anything today — just watched this one play out from the sidelines.