🧠 Important dates for October & Kevin O'Leary bullish af

Seedphrase Daily 👋 We are your medicine when you’re sick of crypto.

Today's Agenda 📓:

• 👀 Important Dates for October

• 🔑 Kevin O'Leary is bullish beyond belief

• 😳 Meme of the day

👀 Upcoming Dates to look out for

(TOMORROW) October 7: Jobs Report.

If we see the unemployment rate go up, in some sick twisted way, the FED will be happy. It is a sign that the economy is cooling down. This is exactly what the FED is trying to accomplish by raising rates: a cool down on the economy from housing markets, to stocks, to labor. A cool down is needed so that inflation slows, and the supply side of the market can catch up with demand.

October 13: CPI.

This is another metric the FED is looking to shrink. CPI is one way to index the general rate of inflation. Let us join in prayer and pray that it comes out below 8.3%. The FED will start to ease up rate hikes if it is.

What you don't know about CPI: It's a scam. The CPI number does not accurately represent inflation, due to a practice called substitutions.

CPI measures inflation by comparing the cost of a basket of common goods like milk, bread, soap, etc. The scam: they use substitutions, meaning they will pick the CHEAPEST option in the market for each category. Whatever CPI is, consider that as a conservative estimate. Inflation is likely significantly higher.

October 27: Q3 GDP Release.

GDP reports are the final boss. It gives us the ultimate answer on the health of the overall economy. Last quarter, we saw a .6% decrease in GDP. Q2 technically put us in a recession with two consecutive quarters of negative growth. However, this is a highly debated topic. You can read more about it here (scroll down to "defining a recession").

Experts predict that Q3 might show a slight improvement in economic output, but it will be short lived. Aka, don't let Q3 GDP report fool you.

November 1: FOMC meeting.

The ancient people controlling monetary policy meet. *Shivers*

This is the type of arbitrary control that crypto tries to solve. Jerome Powell serves as the chair of the FOMC. Whatever these guys decide will affect all of us. They decide whether the FED will continue a policy of tightening, or easing. We expect more tightening. Which leads us to:

November 2: Rates Hike.

Expect more rate hikes. The FED's target is 2% inflation. The latest inflation rate is 8.3%. We have a long and painful way to go.

Are you ready?

🔑 Kevin O'Leary Believes Crypto is the 12th sector of the economy.

According to Mr. Wonderful, Shark Tank star, Kevin O'Leary crypto can become the 12th sector of the S&P. Under one condition...

Here are the Existing Sectors:

• Technology

• health care

• Financials

• real estate

• Energy

• Materials

• consumer discretionary

• Industrial

• Utilities

• consumer staples

• Communications

• (insert crypto here)

The Catch:

He sees this happening ONLY if there is regulation of crypto. Without that, we are doomed to fail.

He says the lack of regulations keeps institutional investors on the sidelines, which makes sense. Crypto is still seen as a get-rich-quick scheme and something for criminals to buy drugs.

With regulations, crypto will turn the financial world upside down with its high transaction speed, low costs, and 24/7 accessibility. It can put a lot of people out of business, and even more in business.

The biggest W would be the regulation of stablecoins. If that happens, people's money will be insured and supported by institutions.

If regulation does happen, it would: 👇

• Bring trillions into the industry

• Less volatility and more liquidity

• It will allow it to have a "legitimate" feel to it.

⚜️Golden Nugget: Regulation is a good thing.

😳 Meme of the DayLMFAOOO

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research