Jim Cramer has spent a huge chunk of his 36 years of investing doing the homework and investing in individual stocks. He has always felt that individual stocks would lead to profit on the market. But these days, that methodology seems to have been thrown out the window.
"That's because many of the largest pools of actively managed money, the hedge funds, the high-frequency traders and even the big mutual funds are not focused at this moment on individual stocks," the "Mad Money" host said.
What are they focused on? The Fed.
Big money has noticed that the Federal Reserve has kept interest rates low, perhaps lower than they should, in spite of data that could suggest otherwise. Data such as the strong 3.7 percent gross domestic product for the second quarter suggest that if the U.S. were in a vacuum, then it is time for the Fed to begin to raise rates.