Still on the sidelines

While some stocks did more than recover (PCP), I am staying on the sidelines still mainly because of the interest rate meetings next week. The strong inflation data will prevent the Fed from dropping interest rates.
Worse, they may choose a more hawkish stance about the future. I anticipate the ripple effect to be negativity on the stocks (although some would argue that is already baked into the market).

I'm waiting still, but will produce my hitlist this weekend.