Today's Heads-Up
The tech-heavy Nasdaq futures are climbing nearly 0.9% this morning, but don't mistake a green open for a green light. The real story is the Fed signaling its first rate hike in years—a move that typically punishes growth stocks first and asks questions later. Meanwhile, geopolitical tension is simmering in the Middle East with Iraq acknowledging involvement in a pipeline strike against Saudi infrastructure, adding another layer of uncertainty to energy markets and risk sentiment broadly.
On This Day in History
Eighteen years ago today, a coordinated bombing campaign ripped through Delhi, with multiple explosions detonating across the capital. The Indian Mujahideen claimed responsibility, and the death toll climbed past twenty as emergency services worked through the chaos. It was a stark reminder that terror doesn't announce itself politely—it arrives suddenly and reshapes market psychology for weeks afterward.
The Takeaway
Rate-hike announcements and geopolitical flare-ups both tempt traders to chase momentum on opening strength. The real discipline is recognizing that a 0.86% gap up often precedes sharp reversals once the full implications sink in. Position sizing and stop placement matter infinitely more than conviction on direction.
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