My Saturday has been very productive

Today on the first day of my weekend I did grocery shopping for my family, stopped by the PCC Market and then went to Fred Myers for the items that PCC doesn't carry such as Hillshire Genoa Salame that our daughter really loves to take to school as her lunch.

I know that is not the healthiest lunch, but she is really selective as to what she would eat and getting a variety of lunch items is a real challenge.

After I was done with shopping I checked on my Witness nodes and wrote my second Splinterlands post for the week. Then it was time to get our front and back yard in order.

In the front yard I took out our Gladiolus plants, cleaned up the leaves and removed three decorative grass bushes as I think they became really bad looking.

Then was time for the backyard where I also took out gladiolus plants, did some weeding, leaves clean up and did grass mowing and edging.

Hopefully this is the last time I will be mowing grass this year. The forecast has ten days of rain straight and we will be getting into Seattle winter at this point so I should be set till spring. There is just one thing left to do in the yard: order at least four yards of bark and spread it.

While I was working on the yard I listened to an interesting podcast from Cathy Woods CEO and Founder of ARK Invest. She thinks that current market and particularly crypto market is really impacted by the liquidity issues that will be resolved fairly soon.

FED still has not started QE and is currently in the QT mode, that is expected to change in December. Also she is expecting another rate cut in December. She is also thinking that government shutdown created another negative liquidity event and once the shutdown is done it will help with liquidity and markets.

She is confident that we are still in a rolling recession, but we are about to move into a rolling expansion of the American economy.

The tax changes and lowering of the effective tax rate on corporations to 10% will really start in the new year. Labor market is not very good with record layoffs in the past twenty years and government shutdown and DOGE cuts are not helping.

She also discussed historic correlation between gold market capitalization and M2 money supply and when gold market cap catches up to M2 markets usually do great and we caught up and even exceeded the M2 recently which should bode well for risk on assets such as crypto going forward.

I think we might see a Santa Claus rally this year and a bull market into the next year. If housing demand returns it will drive economy and markets even higher.

This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io

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