"Who Gon' Check Me?"

Hi There! We have made it to Issue #52! As we celebrate the one-year anniversary of The Rhoda Report, we reflect on a year that was truly transformative.

At the start of 2023, I made a promise to myself to step out of my comfort zone and embrace the unknown, to turn my fears into fuel for success. Over the course of 52 issues, I've poured my heart into this venture, striving to release a new issue every week and to reach 100 subscribers by year-end. We're just one subscriber away from that goal, a testament to the incredible journey we've embarked upon, thus far. The joy of delving into market analysis, sharing insights about trading and investing, and offering glimpses into my personal story has been immensely rewarding. The best part? This is just the beginning! Get ready for bigger and better things to come with these weekly reports.

Thank you for being a part of The Rhoda Report's remarkable first year, and here's to many more exciting chapters ahead!

Alright, let’s dig in!

Last week, the bears continued to call the shots in the markets, with investors anxiously awaiting the Federal Reserve announcement.  Despite a strong Gross Domestic Product (GDP) report last Thursday and a Personal Consumption Expenditure (PCE) reading that met expectations last Friday, the bears have maintained their grip on the market. Several factors contributed to this bearish sentiment, including high bond yields, which hovered around 5%, and the expectation of persistently elevated interest rates. Geopolitical tensions also added to the unease among investors. In the midst of those concerns, oil prices surged, as investors factored in the potential for increased conflict in the Middle East, which could disrupt oil supplies. U.S. Crude closed with a 2.33% gain, reaching $85.15 per barrel.

Here are other key highlights from last week:

• Bitcoin beat S&P 500 in October as price gets closer to $40K

• Blockchain Bingo is a thing

• A $48 Billion Future: Healthcare in the Metaverse

• Solana and Polygon hosted an inaugural Crypto Policy Bootcamp in DC

Here’s what to expect this week:

This week in the markets, we can expect some interesting developments. To start, there's a focus on month-end flows, with talk about pension funds and other asset managers potentially rebalancing by selling USDs. Today, the Federal Reserve skipped the anticipated rate hike and kept interest rate the same at 5.50%. As a result of this, the US Dollar fell, Bond Yields dropped and stocks rallied. Chair Jay Powell mentioned that a job gains have moderated, but inflation remains elevated and the full effects of tightening is yet too be felt.

This Friday, the U.S. Jobs Report and the ISM Services PMI will provide key insights into the actual health of the economy, making it a day to keep an eye on for market movements.

It is another busy week for earnings, with AMD, PYPL, and AAPL among the notable companies.

This Week’s High-Impact Global Economic Data Highlights:

• China manufacturing and services PMI

• European Union (EU) CPI 

• Bank of Japan (BoJ) Interest Rate Decision

• Bank of England (BoE) Interest Rate Decision

This week's anticipated bias (not financial or investment advice):

• Monday (10/30/23) - Expect shorts

• Tuesday (10/31/23) - Best trades are in the morning

• Wednesday (11/01/23) - Unpredictable day in the markets

• Thursday (11/02/23) - Bullish

• Friday (11/03/23) - Great day to trade; pay yourself

Trading Tip: The first and last weeks of November are bullish for crypto!

Week 10/22/23 - 10/28/23 Recap

Special Tools and Strategies - Altseason

What is Alt Season?

Altseason, short for "altcoin season," is a thrilling phase in the cryptocurrency market. It occurs when alternative cryptocurrencies, known as "altcoins," surge in value, often surpassing Bitcoin's performance.

Driving Factors:

Altseasons are driven by a mix of factors. To start, as investors seek diversity in their portfolios, Bitcoin's dominance tends to decline. This results in increased investment in a wider array of cryptocurrencies.

Market Sentiment Matters:

Market sentiment also contributes to altseasons. Positive news, partnerships, or developments in specific altcoins can trigger investor excitement, leading to a cascade effect as more traders join in.

Timing is Key:

Timing is critical. Altseasons frequently follow periods of Bitcoin stability or bullish trends. When Bitcoin is consolidating, capital can flow into altcoins in search of higher returns.

Beware of Volatility:

Nevertheless, Altseasons can be highly unpredictable and volatile. It's crucial to perform thorough research and manage risks before investing in altcoins. Strategies like diversification and a long-term approach can help mitigate risks during these periods.

All in all, the path to altseason involves several factors, including decreasing Bitcoin dominance, market sentiment, and timing. While altseasons offer potential for significant profits, they also come with risks. Approach crypto investments with caution and remember to reduce risk by taking profits along the way, as we always emphasize.

Disclaimer: This newsletter is strictly educational. The information this report provides does not constitute investment, financial, trading, or any other advice. You should not treat any of the report’s content as such. Please be careful and do your research.