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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