Today's Heads-Up
The Nasdaq took a modest leap this morning, climbing roughly one percent after the Fed signaled its first rate hike since 2023. While the move might sound hawkish on the surface, traders are parsing whether this reflects confidence in economic resilience or concern about inflation creeping back. Tech stocks typically get hammered when borrowing costs rise, yet the index shrugged it off—suggesting investors may be betting the central bank knows something reassuring about the inflation trajectory ahead.
On This Day in History
In 1943, the Allies launched a coordinated bombing campaign targeting Axis merchant vessels stationed along Norway's northern coast. The operation underscored how thoroughly the Allies had seized air superiority over occupied territories by mid-war, turning shipping routes into kill zones where German logistics couldn't operate safely anymore.
The Takeaway
Markets hate uncertainty, but they hate being blindsided even more. The Fed telegraphed this move, and tech responded with restraint—a reminder that prepared participants trade smarter than those caught off-guard. Before you size into a position, know whether you're trading the headline or the anticipated reality.
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