Banking on COVID Recovery šŸ¤‘

šŸ’øĀ  Yields stabilizing.Ā #RisingYieldsĀ breaks 3-week streak with 10-year treasury yield ending week down -2%. Yields peaked Mon, dropped -6% by Thur and rebounded +4% Fri. The culprit flattening yield curves as investors worry Fed underestimatingĀ #InflationFearsĀ and will need to accelerate rate hikes. šŸ’»Ā  Growth rebound.Ā S&P 500 finished up almost +2% with high-growth Tech leading the way up Read More

New Adventures of Old Auto šŸš˜

šŸ’øĀ  Yields keep on rising.Ā For 3rd straight week,Ā #RisingYieldsĀ continue tacking on another 9%. Surging energy prices, strongĀ #COVIDRecoveryĀ data and incoming Fed action continues to driveĀ #InflationFearsĀ andĀ #Flight2Safety rotation. šŸ‡ØšŸ‡³Ā  Biden/Xi virtual summit.Ā White House reengaging Beijing holding a virtual summit later this year. Markets popped Thursday onĀ #ChinaTensionĀ relief with S&P 500 finishing +1% for week. šŸš™Ā  Legacy auto in spotlight.Ā General Motors Read More

Market-Deflating Inflation

Market Musings 10/6/2021 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! Conservative Fed playing catch up to surging inflation data. We expect more volatility as incoming Fed action gets concrete timeline. High growth likely impacted; portfolios positioned for more #Flight2Safety. Markets have been incredibly Read More

Blue or Red Pill? šŸ˜Ž Green Pill! šŸ“ˆ

šŸ“‰Ā  September pullback.Ā S&P 500 finished September down -5%ļ¼first red month after 7 consecutive green ones. Macro uncertainty drove market correction off all-time highs as investors facedĀ #InflationFears,Ā #RisingYieldsĀ andĀ #ChinaTension. šŸ’øĀ  Yields keep rising.Ā 10-year treasury yields rose another +5% extending last week gains.Ā #InflationFearsĀ in focus on energy pricing surging and supply chain woes. StrongĀ #Flight2SafetyĀ rotation with Growth down over -3% for Read More

Lehman 2.0: China Financial Crisis? šŸ˜¬

šŸ‡ØšŸ‡³ China financial crisis.Ā Chinese property giant Evergrande remains on brink of bankrupcy. TLDR timeline: MarketsĀ šŸ“‰Ā Mon ā†’Ā šŸ“ˆĀ Tues on payment assurances ā†’Ā šŸ“ˆĀ rest of week despite indications obligations not met on Thu. Dubbed Lehman 2.0, we’re monitoring closely as China looks to stabilize situation. šŸ¦Ā  Fed turning hawkish.Ā Fed signaled purchase tapering soon though vague on timing. Accelerating rate Read More

Inflation Peaking? šŸ˜…

šŸ’øĀ  Peaking inflation?Ā #InflationFearsĀ moderating as August 12-month CPI rose only +0.3% M/M (still up 5.3% Y/Y). 2nd month of deceleration, but we’re still monitoring 2 main questions: (1) Does inflation recede? and (2) Could this be just a temporary reprieve due toĀ #COVID19Ā delta? šŸ‡ØšŸ‡³Ā  China concerns.Ā #ChinaTensionĀ weighing on markets again as itsĀ #COVIDRecoveryĀ stalling from new delta outbreaks and more Read More

Electric Vehicles: An Underdog Story

Market Musings 9/17/2021 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! TLDR: We’re OK withĀ šŸ„ˆĀ orĀ šŸ„‰Ā place. We’re investing in legacy auto manufacturers not because they’re going to win, but because even being runner-ups present a significant investment opportunity. There’s no denying Tesla is one of Read More

Cracks in App Store Ecosystem šŸ“±

šŸ˜· Stalling recovery?Ā #COVID19Ā delta surge moderating, but worries overĀ #COVIDRecoveryĀ momentum rising. Spending data shows slowing growth and companyĀ #Back2WorkĀ plans continue to get pushed back. šŸ˜¬Ā  Risk appetite contracting.Ā Market pullback not surprising given huge August gains and post anotherĀ #CryptoĀ rise and fall. Overall, broad sector weakness as S&P 500 fell almost -2% last week. šŸ“±Ā  App Ecosystem breach.Ā District Court ruled Read More