Hey traders,
It’s Tuesday, and you know what that means — everyone’s got their eyes glued to the Fed.
They’re all wondering: What’s the rate decision going to be? Will it be a big enough rate cut? A quarter point, half point?
Well, here’s my take: Who cares?!
I’m serious. Don’t waste your time worrying about the Fed like everyone else out there. Don’t hang on their every word, waiting to see what they’ll do next.
The market is literally standing still, waiting for this announcement instead of trading. And I don’t want you to get caught up in that nonsense.
Here’s Why It Doesn’t Matter
Look, I’ve been in the markets since the mid-80s, and I can tell you right now: The Fed doesn’t matter nearly as much as everyone thinks.
I know, that probably goes against everything you’ve been told. But let me give you some proof:
The Dow Jones just hit a brand new 52-week high.
Yep, you read that right. The Dow Jones (stock ticker DIA) reached its highest point in a year, which is also an all-time high — and it did that while interest rates are the highest they’ve been in 23 years!
Doesn’t that just fly in the face of everything Wall Street says? All this talk about how interest rates control the market, yet here we are with the Dow making new highs despite record-high rates.
Don’t Get Caught Up in the Hype
This is why I say you shouldn’t get caught up in what the Fed is doing. It’s just noise.
I’ve seen it all over the decades, and I can tell you, the market will do what it wants to do regardless of what the Fed says.
Remember, there’s always a great options trade out there. So, instead of wasting your time glued to the Fed’s announcements, stay free and focused on finding the trades that will put money in your pocket.
Trade well,
Jack Carter
P.S. Speaking of a smart trade, there are 10 specific tickers I’m focused on this week. Click here to get them all!
