You want to know the exact moment I stopped caring about Federal Reserve decisions?

It was decades ago when I was living in Los Angeles, watching CNBC before the market opened. Then-Fed Chair Alan Greenspan was walking across the street, and the anchors were obsessing over which hand he was holding his briefcase in.

I’m not making this up.

They genuinely believed that depending on which hand held the briefcase, they could predict whether he’d raise or lower interest rates.

That was it for me…

This is the most ridiculous thing I’ve ever seen. And that was the last time I paid attention to an interest rate.

Here’s the thing — I’ve never believed the CPI or the PPI inflation data. I don’t think our government could get the numbers right even if you gave them all the correct data in the world.

I mean, the government shuts itself down… The debt keeps climbing… And the stock market? It just keeps going up anyway.

The stock market is not the economy. Maybe that distinction matters to economists. It doesn’t matter to me.

I’m Reactive, Not Predictive

I love hearing people debate where the market could go based on Fed policy or the latest jobs report. It’s interesting. But I’m not a predictive guy — I’m a reactive guy.

Once a market starts crashing, I’ll start shorting. But I’m not going to get ahead of myself with an idea I pulled from the economic side. I wait for the market to show me what it’s doing, then I react.

That approach keeps me out of trouble. It keeps me focused on price action, not theory. And honestly? I like the unknown. I like not being married to a narrative.

Because I know how to make money no matter what, so I’m good with whichever direction it goes. Up, down, sideways — doesn’t matter. I’ve got tools for all of it.

Interest Rates Have Been Irrelevant for Decades

Interest rates are always going up, down, or sideways. I quit caring about them a long time ago, and my trading hasn’t suffered one bit.

The Fed can do whatever it wants. The government can release whatever numbers it wants. I’ll be over here watching the tape, collecting premium and managing my positions based on what the market actually does — not what someone with a briefcase might do.

You don’t need to predict the future to profit from it. You just need to react intelligently when the market shows its hand.

That’s been my edge since the ’80s, and it’s why I’m still here.

Trade well,

Jack Carter
Jack Carter Trading 

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