Weekend Update 6/20/2021

Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!

Dots and plots and yields, oh my! 💸

💸 Rate bump in 2023? Fresh Fed commentary-(1) rate hike accelerating with potential double rate bump in 2023 and (2) 2022 bump likelihood increasing with dot plot up to 7 of 18 (up from 4 last month). S&P 500 ended down -2% for the week.

🤷‍♂️  Transient mindset benefitting Growth. Investors continue largely shaking off #InflationFears viewing high inflation as transient and more confident in Fed continuing support. While just breakeven for week, Growth outperformed Value which was down -4%.

🔪 Financial bloodbath. Financial sector sharply fell -6%-battered as yield curve flattened from Fed commentary. 10-year treasury yield down -4% (including -6% in final two days).

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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.