Weekend Update 7/25/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Market rebounds from Monday’s COVID dip 🦠😳🤷♂️
⛈ Stormy Monday. Perfect storm Monday with #CyberSecurity hack, rising #ChinaTension and ongoing #COVID19 delta surge. S&P 500 fell -2% while 10-year treasury yields plummeted -8% to start week.
🤗 Green recovery Market fear didn’t last as S&P 500 rallied +4% to finish week up +2%. Market sentiment got a boost from strong #earnings alleviating stalling #COVIDRecovery concerns.
🌳 Strong growth rotation. Growth won week up +3% vs. Value’s +1%. Growth optimism bolstered by strong social media #earnings, #CyberSecurity focus and, of course, macro uncertainty easing.
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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.