Are You Wasting Weekends?
320: Your Weekend Playbook: Markets, Crypto, Development
Happy Friday guys — I keep saying I am going to hold off on the Friday newsletters but the truth is there’s a lot of things to be aware of before we head into next week — particularly on the crypto front.
Today’s post is straight to the point ahead of the weekend — the top updates and strategies to make money in crypto and the market, some top news headlines you need to be ware of going into next week, and my personal take on how to make the most out of your weekends.
Too often, people waste their weekends and check out entirely from responsibility. Monday arrives and anxiety kicks in — usually Sunday night, because people haven’t taken even basic steps to prep for the week or move closer to goals they have outside of work.
Today, towards the end of the post I will walk through my basic weekend schedule that attempts to maximize advances in all my goals — personal, professional, and on the business side.
Not meant to be a singular source of truth but maybe some good context or color for those looking to get the most out of their weekends as well. I will also provide some of the top media/content if you’re looking for some good watches or reads this weekend in your free time.
Let’s start with crypto which is beginning to give sideliners and doubters reason to twitch as it pumps into the weekend. Several of our calls are printing right now and will definitely go higher. We’re getting more context on global markets that could be telling us where the money will be made.
The August 2024 Personal Consumption Expenditures (PCE) report indicates inflation has decreased to 2.2% year-over-year, reflecting a return to pre-pandemic levels. This suggests that inflationary pressures are easing, which could provide relief to both consumers and markets. The core PCE, excluding volatile food and energy prices, stood at 2.7%, in line with forecasts, showing a slight uptick from the previous month.
This cooling inflation has bolstered expectations of further interest rate cuts by the Federal Reserve, as the inflation rate aligns more closely with the Fed's targets. Additionally, consumer spending grew at a slower pace than anticipated, reinforcing the possibility of continued rate cuts.
Money is here to be made.
If you’re sidelined or still confused — we’ll talk through the major events that could shape where we go before year end.
Make Your Money in Crypto
The doubters and naysayers have been slain — crypto is creeping back up with a vengeance and undoubtedly caught people by suprise. Is this because equities are moving up? Because the market is factoring in a higher probability of a Trump win? Who knows — one things for sure though, this has been a strong consolidation period for some time now, which generally precedes mind bending pumps.
China has also shown their hand with some juicy money printing beginning which could send us higher across different asset classes.
First things first, here is my current positioning in crypto — little has changed as I hold a longer term view: