Stocks are hitting record highs even as the Fed turns more hawkish — a setup that feels bullish on the surface, but increasingly fragile underneath.

In this episode of Market Pulse by Orestes Capital, we break down the latest market rally, why investors are shrugging off higher-for-longer rate risk, and how a hawkish Fed pivot could challenge leveraged business models, equity valuations, and the broader risk-on trade. We also examine whether this is a sign of market resilience — or complacency before the next volatility shock.

Record highs. Fading rate-cut hopes. A Fed that may not be done. The question now is simple: what breaks first?

Disclosure: This podcast is for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or sell any security.