How likely is it for $XLF financial sector ETF to continue its uptrend when the FED has stopped its money printing scheme?

How likely is it for $XLF financial sector ETF to continue its uptrend when the FED has stopped its money printing scheme?

I see that they stopped printing money and they finally moved interest rates from near 0% to ~4.5%. I think the market may be forgetting that 4.5% interest rates are bad for financial stocks since this slows down their business. I was curious to know what you all thought since I am thinking of buying LEAP puts on $XLF. I believe the financial sector will suffer the most with interest rates being this high. Even if consumer staple stocks and tech stocks can continue to make money in this higher interest rate environment, I dont see how financial stocks can do it?

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tldr; I think shorting $XLF is one of the best ways to play this new high interest rate dis-inflationary environment. I believe the market may not be “forward looking” here on the financial sector. Let me know if I am wrong.