Weekend Update 8/8/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Domestic travel strong, but still waiting on international… 🛫
💰Yields rebounding. #RisingYields rebound up +4% rising as more strong economic data may accelerate Fed rate decision. Financials jumped +4% with overall S&P 500 up +1% for week.
✈️ Travel strong? Strong travel bookings boosting #RevengeTravel. However, boost primarily driven by domestic as international, corporate and big city travel still muted.
🇨🇳 ‘Spiritual Opium’. More #ChinaTension as state run publication calls online gaming “spiritual opium”－cue gaming sector drop.
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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.