Today's Heads-Up
Tech futures are grinding higher this morning on the back of fresh commentary from the Federal Reserve. Central bankers appear more aligned than previously thought on the need to keep borrowing costs elevated, which typically pressures growth stocks but can stabilize longer-term rate expectations. The Nasdaq-100 is up a fraction of a percent after yesterday's modest pullback, trading within yesterday's range—a sign that traders are cautious before digesting what higher-for-longer rates means for valuations.
On This Day in History
Eight years ago, protesters at UNC's Chapel Hill campus brought down a towering statue honoring the Confederacy. The moment sparked fierce debate about historical memory, institutional accountability, and who gets to decide what monuments stand on public grounds. It became a flashpoint in a much larger conversation reshaping American campuses and city squares.
The Takeaway
Markets are reflecting uncertainty about monetary policy direction, and that uncertainty shows up in tight price ranges and hesitant moves. As a trader, that's your signal to stay disciplined about position sizing and avoid forcing trades into choppy consolidation. Wait for the market to actually commit to a direction before committing your capital.
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