"We're Gonna Party!"

Hi There! A couple of weekends ago, during my bumpy boat ride to Carriacou (Issue #34), a realization hit me - the route holds a thrilling secret. En route, the boat must navigate the waters near Kick 'em Jenny, an active underwater volcano just 8 km North of Grenada. The mysterious origins of its name, possibly rooted in French: cay que gêne, ‘the turbulent cay (shoal)’ or associated with a kicking female donkey known as a jenny, add an intriguing layer to the experience.

According to the University of the West Indies Seismic Research Center (UWI SRC), there's a 1.5 km exclusion zone permanently wraps around the summit of the volcano. In times of eruptive activity, this zone expands to 5 km. Currently, the volcano's vent is deep enough not to trigger a destructive tsunami, but the ever-changing nature of such phenomena keeps the boat rides from Grenada to Carriacou both captivating and subtly suspenseful. 

Alright, let’s dig in!

Last week, the stock market displayed resilience as it shrugged off hawkish comments from the Federal Reserve, ultimately closing the week with a robust rally. The Dow surged by 391 points, or 1.1%, reaching a closing figure of 34,283.10. Similarly, the S&P 500 experienced a 1.5% uptick, concluding the session at 4,415.24, and the Nasdaq Composite saw an impressive climb of 2%, ending at 13,798.11. The rally, while strong, was not broad-based, and there was anticipation that it might reverse.

Federal Reserve Chair, Jerome Powell, emphasized the importance of controlling inflation, stating, "the biggest mistake we could make is really, to fail to get inflation under control." Additionally, oil prices saw a 2% increase last Friday, buoyed by Iraq's expression of support for OPEC+ oil cuts ahead of a meeting in two weeks.

Here are other key highlights from last week:

• Bitcoin surged last Thursday surpassing the $37,000 mark

• Transform your social media posts into valuable assets

• The rise of gaming tokens among other blockchain assets

• Polygon relaunched a new grant program of more than 110M MATIC

Despite last week’s overall positive trend, there's a cautious outlook for this week:

So far, today's release of the Consumer Price Index (CPI) data indicated a slowdown in U.S. inflation to 3.2% in October.

Looking ahead:

• U.S. Producer Price Index (PPI) and Retail Sales data are scheduled for release tomorrow.

• There's a looming deadline of Friday November 17 for Congress to avoid a government shutdown. While this could highlight congressional dysfunction, it's not expected to cause major cross-market volatility. Speaker Johnson has proposed a temporary funding plan, staggered through January and February, for different government agencies.

• The week also includes releases on U.S. Industrial Production.

• U.S. Housing Starts data will be published on Friday. This measures the change in the annualized number of new residential buildings beginning construction during the reported month. It's a leading indicator for the housing sector. A higher-than-expected reading is positive for the USD, while a lower-than-expected reading is bearish.

• Throughout the week, several Fed members, including Cook, Jefferson, Goolsbee, Barr, and Williams, are scheduled to speak.

This is another busy week for Q3 earnings.  The most notable Earnings releases are outlined in black below.

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

• Euro Area Q3 Gross Domestic Product (GDP) Report

• China Industrial Production

• UK Jobs Data

• UK Consumer Price Index (CPI) and Retail Sales Reports

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

• Monday (11/13/23) - Volatility expected

• Tuesday (11/14/23) - Bearish

• Wednesday (11/15/23) - Expect the unexpected

• Thursday (11/16/23) - Bullish

• Friday (11/17/23) - Take Profits

Trading Tip: High volume usually indicates an active market!

Week 11/05/23 - 11/11/23 Recap

Special Tools and Strategies

Token Sniffer is like a security guard for investors and traders in the crypto and NFT markets. This platform automatically checks the safety of contracts and detects scams, providing real-time information about tokens.

Here are some key features:

Get Token:

• This feature gives you information about a token and its contract source code. It tells you whether the token is flagged as a scam. You can also get additional details like on-chain metrics (e.g., top holders and liquidity) and the Smell Test results, which include the token's score.

List Malicious Tokens:

• This feature provides a list of all the scam tokens that were created in the last 24 hours. It's like a daily report on potential scams.

Get Address:

• If you have an address (like a wallet address), this feature tells you if that address has deployed any scam tokens.

List Malicious Addresses:

• Similar to the second feature, this one gives you a list of all the wallet addresses that have created scam tokens in the last 24 hours.

Using the Token Sniffer website is easy:

1. Copy and Paste:

• Copy the contract address of the token or coin you're interested in and paste it on the Token Sniffer website.

2. Wait for the Score:

• Wait for the evaluation score. If the token is flagged as a scam, the score will be lower, indicating that it might not be a safe investment.

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.