Weekend Update 5/30/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Investors cheer strong off-cycle Growth earnings 🎉
🥁 Growth relief rally. Strong week for high-growth names with a relief rally on strong #earnings. Bucking April’s overvalued mentality, last week saw a parade of strong beat and raises with investors getting bullish on growth again. Growth up +2% last week.
💪 Markets up on recovery progress. S&P 500 rose +1% last week. Investors cheered #COVIDRecovery progress across stressed supply chains, soaring demand, climbing prices and Fed’s “wait and see” mentality.
️✈️ Memorial Day Weekend travel surge. Continued domestic #COVIDRecovery momentum particularly for travel with heavy traffic expected for Memorial Day Weekend. Semi-related, aerospace market recovery accelerating with manufacturers signaling production volume increases.
No Ursa account yet? Download Ursa here!
The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.