Weekend Update 7/5/2021

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


Short Week with Q2 Earnings Looming 🇺🇸


😁 Tech is winning. Another strong market week-S&P 500 up almost +2% with Growth leading up +3%. Growth rotation led by positive M&A deal traction and antitrust case wins for #BigTech.

😺 Banks pounce on lifted restrictions. Not wasting time, banks 🏦 boosted shareholder return programs with restrictions expiring in June. Investors cheered strong boosts like Morgan Stanley (doubling payout) and punished status quo like Citigroup (just maintaining dividend).

🦠  Delta variant spreading. International #COVIDRecovery stalled as delta variant reimposing some travel restrictions and lockdowns. Travel names weaker despite strong market week.


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As of the publish date, Ursa portfolios may own MS & C. The stocks mentioned in this article may cease to be owned by Ursa portfolios at any point.

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.