Jim Cramer at the NYSE, June 30, 2022.

Virginia Sherwood | CNBC

We’ve become prisoners of short-rate forecasts. Yeah, the ones controlled by the Federal Reserve. But those fearless investors who have broken out of this self-imposed mental jail are enjoying bountiful returns. Sure, it appears to be nothing but alchemy to the jailers and their powerful protagonists in the media. But does it matter? They don’t asterisk the returns as “done by ignoring the Fed,” when you journal the stock profits to your bank account despite where we are in the interest rate cycle.

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