About the Fed (Pardon My French)

Hey traders,

I get this question all the time: “What’s the Fed gonna do? How will the market react?”

I’ve said it before and I’ll say it again: It doesn’t matter!

Let me explain why.

Yesterday, Powell and his crew made their big announcement.

But here’s the thing: Whether they raise rates, lower them, or keep them the same, it doesn’t change the fact that the stock market isn’t the economy — and it sure as hell isn’t dependent on Jerome Powell!

Let me give you an example. Tuesday, everyone was waiting to see if there’d be a rate cut. The market was already making new 52-week highs which incidentally was also new all time highs!

And that happened in the face of the highest interest rates in 23 years. None of that makes sense, right?

That’s because it’s all a distraction. Wall Street, financial media — they want you to hang on every word from the Fed like your next trade depends on it. But guess what? It doesn’t.

In fact, while everyone was glued to their screens waiting for Powell to speak, I was catching some of the biggest rainbow trout of my life out in Colorado. That’s how little attention I was giving Jerome Powell.

And I wasn’t alone in my skepticism.

Some of the so-called “smartest” people were waiting for the announcement before placing their trades. But guess what happened after the Fed spoke? The market jumped 400 points! Anyone who waited paid way more for their trades than they would have earlier.

See what I mean? Waiting on the Fed is at best, a waste of time — and sometimes can hurt you!

We’re in a stock picker’s market, folks.

You want to succeed? Stick with the fundamentals: good liquidity, optionable stocks, and strong trends. You’ll always have opportunities to make money without wasting your time listening to the Fed’s nonsense.

Free yourself up. Focus on your trades. And stop sweating over Powell.

Trade well,

Jack Carter
P.S. I’m giving away two stocks that you can buy and hold through September! Click here to get them now!

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