Weekend Update 7/18/2021

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


COVID resurgence and inflation fears sink market 🦠💸⚓️


😷 Domestic COVID is back. After months of steadily declines, 🇺🇸 #COVID19 rising across cases, hospitalizations and deaths. Not 4th wave yet, but some counties already reimposing mask mandates. While primarily in unvaccinated areas, investors still spooked by stalling #COVIDRecovery.

💸 Is inflation really transient? Fed chair Powell reiterated transient inflation expectations after June’s 12-month CPI rose to +5.4%. #InflationFears getting louder with increasing concerns over if inflation will really be transient and if Fed moving too slow.

🏦 Banks kick-off earnings. Q2 #earnings seasons is here! Major banks reported last week with solid earnings growth, but investors hesitant as interest income normalize post-pandemic and increasing macro uncertainty.


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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.

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