Weekend Update 9/12/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
App Store wall is falling down…
😷 Stalling recovery? #COVID19 delta surge moderating, but worries over #COVIDRecovery momentum rising. Spending data shows slowing growth and company #Back2Work plans continue to get pushed back.
😬 Risk appetite contracting. Market pullback not surprising given huge August gains and post another #Crypto rise and fall. Overall, broad sector weakness as S&P 500 fell almost -2% last week.
📱 App Ecosystem breach. District Court ruled Apple (AAPL) must allow third-party payment methods outside App Store. Blow to AAPL’s 30% commission, but it already has seen other concessions recently. Gaming names surged on news.
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As of the publish date, Ursa portfolios may own AAPL. The stocks mentioned in this article may cease to be owned by Ursa portfolios at any point.
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.