VIX surge

Today, the VIX shot up a ton as the market reacted to what seemed like Powell signaling that we’re probably not getting any rate cuts for a while. With only 2 cuts hinted for next year, high-risk stocks took a serious hit today. Honestly, being on the sidelines and holding cash has been pretty tough for me these last few weeks. Learning to be patient and not chase stocks is a lesson I've learned the hard way too often... I jumped into a Nasdaq position today close to the day's low, and I'm ready to look for some chances, especially if the market keeps dropping. I’m feeling a bit justified in my cautious stance over the past few weeks.