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The most dangerous illusion for traders is to think they are playing against the Federal Reserve
Many people have recently started studying dot plots, officials' speeches, and even personnel changes, as if the next step is to attend the FOMC meeting.
But the reality is: Retail traders are not playing against the Federal Reserve, but against market expectations.
Markets have never reacted to policy itself, but to the “expectation gap.” What truly drives the market is not whether interest rates are raised or lowered, but whether it exceeds consensus.
When everyone is focused on macro, macro tends to be priced in advance. When everyone ignores it, that’s when it suddenly becomes a black swan.
My approach: 👉 Treat macro as a background 👉 Use price action as the main signal 👉 Use sentiment cycles as the rhythm
Trading isn’t about who understands macro better, but about who understands market psychology better.
Interaction: Are you studying macro for trading, or for peace of mind? #美联储人事与宏观政策影响