Today's Heads-Up
The Nasdaq 100 futures climbed 0.60% overnight, pushing past yesterday's peak despite an environment where borrowing costs remain elevated. The real story isn't the modest green number—it's that artificial intelligence investments keep flowing even as the Federal Reserve keeps rates high, suggesting either investors believe AI returns justify the expense, or they're pricing in rate cuts down the road. This disconnect matters to you because it signals where capital's flowing and where it might evaporate when sentiment shifts.
On This Day in History
Back in 2008, a NASA spacecraft completed a historic close encounter with Mercury, capturing the first-ever high-resolution images of the planet's most dramatic scar—a massive impact basin that ranks second only to one other crater on that scorched world. The discovery revealed Mercury's violent geological past in stunning detail, reminding us that even our nearest planetary neighbor has been shaped by catastrophic collisions.
The Takeaway
When the crowd ignores headwinds (expensive money) to chase one narrative (AI dominance), it's either the start of a major move or the setup for a painful reversal. Your edge comes from tracking when that consensus cracks, not from riding it blindly.
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