Rate hike odds went from 1% to 45% in a month. Nvidia reports wednesday with a PE of 48. High rates kill growth stocks, something has to give.

The fed was supposed to be cutting rates this year literally every forecast from january had 2-3 cuts priced in. Now we're sitting at 45% odds of a hike because of Iran driving oil to $107 and inflation not budging. Nvidia reports wednesday expecting $79 billion in revenue, stock is up 640% in 3 years. PE sitting at 48, that valuation only makes sense if rates stay low and AI spending doesn't slow down.Both of those assumptions are now in question at the same time. curious what people think actually happens after wednesday.