Today's Heads-Up
The Nasdaq 100 futures are down nearly 0.6% after a tough session, with tech taking the heat while policymakers hold their ground on borrowing costs. The central bank kept rates unchanged today despite inflation climbing to its highest level in three years—a setup that's got traders wondering if the cycle of cuts is actually over or just paused. That gap between stubborn price pressures and steady-hand monetary policy is the friction point keeping buyers on the sidelines, at least for now.
On This Day in History
Fifteen years back, a Chilean military transport plane went down over the Pacific with 21 personnel aboard, leaving no survivors. The disaster was blamed on severe weather conditions that caught the aircraft in dangerous circumstances it couldn't escape from—a stark reminder that sometimes external forces overpower even trained professionals' best efforts.
The Takeaway
Just like that pilots couldn't control the weather, you can't control what the Fed does or what inflation prints—but you can control your position sizing when uncertainty spikes. When central bankers signal they're not moving and inflation's still running warm, that's your cue to tighten stops and cut exposure, not chase fading rallies hoping sentiment shifts.
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