In a thought-provoking discussion, experts tackled how cognitive biases affect public perception and investment behaviors. Many people accept false narratives as facts due to cognitive biases like overconfidence and confirmatory bias, which can skew perceptions of economic data. A prominent assertion was that the Fed does not control the stock market, a claim supported by historical data indicating that market movements operate independently of Fed rate changes. Challenging these prevailing notions can empower investors to make more informed decisions. By recognizing and mitigating the effects of cognitive biases, stakeholders can enhance their market strategies and improve long-term outcomes. Understanding these psychological factors will be crucial for navigating the complexities of trading environments in the years to come.