Today's Heads-Up
The Nasdaq futures kicked off the session nearly 1.4% higher despite yesterday's selloff that saw the broad market retreat on rate-hike concerns. The Fed's stance on monetary tightening spooked traders yesterday, but tech shares are staging a rebound this morning—likely a combination of oversold positioning and investors reassessing valuations in a higher-rate environment. Don't get caught sleeping on this volatility; the breadth of today's move will tell you whether this bounce has legs or if it's just a dead-cat scenario.
On This Day in History
Back in 1981, a Belgian killer operating under a false identity as a nobleman murdered an antiquities merchant in Brussels, eventually drawing a capital sentence for the crime. It's a dark reminder that not everything glitters as promised—much like overvalued assets that masquerade as opportunities.
The Takeaway
Today's sharp pivot upward after yesterday's decline shows how quickly sentiment can flip on incomplete information. As a trader, your edge comes from not following the herd's emotional whiplash; instead, anchor to your entry rules and exit discipline regardless of whether the crowd's fear is turning to greed by lunchtime.
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