Today's Heads-Up
Tech stocks are taking it on the chin this morning as investors price in the possibility of tighter monetary policy. Kevin Warsh's recent comments suggesting a more aggressive stance on interest rates have spooked the Nasdaq, which dropped below yesterday's close after opening near its high. The real story here isn't the modest decline itself—it's that we're watching the market recalibrate expectations around what the Fed actually does next, which matters far more than any single day's move.
On This Day in History
A year ago today, Ukraine lost one of its political figures when Andriy Parubiy was killed in Lviv. Parubiy had played a significant role in his nation's politics and activism, making his death a sobering reminder of the ongoing conflict's human toll. His loss reverberated through Ukrainian society at a moment when the country was already navigating extraordinary pressures.
The Takeaway
Notice how today's move sits right in yesterday's range—the market's testing boundaries without conviction. That's exactly when discipline matters most: when headlines scream and prices wobble but there's no clean breakout to trade. Don't confuse noise with opportunity.
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