Hi gdog
Your image shows that you are Clip preview. It seems you have the Clip Preview cursor line set at the start of the clip. .......

As you have added a fade-in to the text clip the Clip Preview cursor will be in the fade area If this is so then the clip preview will not show any text.
Note that the two red cursor lines do not necessarily show the same image. In this instance if you were to display dual screens or switch to Sequence preview you would see your text as the timeline cursor is positioned between the fade-in and the Fade-out markers.
Try moving the Clip preview red cursor line (arrowed) to the right and see what happens. Note that If the duration of the fade-in is set close to, or as long as the text image duration, you will not see any text in the preview at all.(but this not the case here)
Nat