Weekend Update 8/22/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Fed tapering purchases EOY? 💰🙅♀️🗓
📉 Markets sink on Fed tapering. Markets dropped in power hour Wed as Fed commentary indicated purchase tapering by end of year. Investors mostly shook off macro uncertainty in Afghanistan and ever increasing #COVID19, but Fed minutes tipped the scales.
🌊. 4th wave rising. #COVID19 cases and hospitalizations approaching 3rd wave levels. (Deaths still lower, but also lagging indicator.) #COVIDRecovery trajectory extending with it as cyclical #Flight2Safety names see pullback.
⚔️. Travel shaken by Afghanistan. Global uncertainty in aftermath of US Afghanistan pullout. #RevengeTravel already stalled from #COVID19 delta, but facing additional headwind to still muted global travel resumption.
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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.