Michael Reinking says markets are resetting as investors adjust to slower growth after years of elevated expectations. He discusses the Fed’s rate outlook and tightening financial conditions, while breaking down Alphabet (GOOGL), Microsoft (MSFT), Fortinet (FTNT), CrowdStrike (CRWD), Palo Alto Networks (PANW) and Caterpillar (CAT), arguing strong earnings can still disappoint when expectations are too high.