Weekend Update 9/6/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
EU restricts US travelers due to COVID 🇪🇺✈️🛑
🙅♀️ EU restricts US travel. Week started with Europe restricting US travelers due to rising #COVID19 delta cases. Travel and other #COVIDRecovery names lower with another roadblock. Over weekend, Sweden went further and imposed US travel ban.
🌳 Growth rotation. #COVIDRecovery weakness saw rotation into Growth names. In particular, Tech 💻 and Communications 📡 were strong. Overall Growth outperformed Value by almost +2%.
😴 Market sleeping in. Slow market week to end summer. Little company news as transaction volume down -50% on Friday ahead of the long three-day Labor Day weekend. For the week, S&P 500 inching just slightly up +0.6%.
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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.