Weekend Update 6/6/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
#GameStonks goes to the movies 🎬
🥳 Growth resurgence fades. End of May Growth party fades in June. S&P 500 almost rose another +1% last week, but on #Flight2Safety Value names. Growth underperformed relative to overall market, but still up.
🇺🇸 Domestic recovery keeps rolling. More #COVIDRecovery momentum with surging demand and travel volume, but also growing pains from supply and labor shortages.
️🎭 AMC’s Wide Ride. New #GameStonk AMC finished a wild week up 3x from two weeks ago. Another #RetailInvesting meme stock riding a short squeeze and creating volatility for the greater market.
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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.