Weekend Update 8/15/2021

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

Strong economic data has #InflationFears befuddled 🤔

💪 More strong economic data. Despite rising case, #COVIDRecovery still strong as 12-month consumer price index grew 5.4% again in July. #InflationFears tug ‘o war with another high inflation month, but, at the same time, not accelerating.

️💸  Yields keep rising. 10-year treasury yields up another +4% last week, but as much as +9% Thursday before Friday’s -5%. pullback. #RisingYields resurgence as strong economic data may accelerate Fed tapering purchases and inching forward rate increase forecast.

🏭  Infrastructure to the House. Senate passed bipartisan $1T #BuildBackBetter infrastructure plan-now awaiting House to take up bill. Still needs to cross 🏁, but bill is a boost for Industrials.

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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.