Weekend Update 9/19/2021

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

August inflation data points to moderating surge 💸

💸  Peaking inflation? #InflationFears moderating as August 12-month CPI rose only +0.3% M/M (still up 5.3% Y/Y). 2nd month of deceleration, but we’re still monitoring 2 main questions: (1) Does inflation recede? and (2) Could this be just a temporary reprieve due to #COVID19 delta?

🇨🇳  China concerns. #ChinaTension weighing on markets again as its #COVIDRecovery stalling from new delta outbreaks and more industry regulations (this week hitting Macau casinos). China-exposed stocks weaker following retailer Yum China warning heavy impact from newest #COVID19 outbreak.

🧙‍♀️  Quadruple Witching Day drop. Quarterly quadruple witching day was Friday. S&P 500 roughly breakeven for week before Friday’s -1% drop. Volatility as investors raise concerns of #COVIDRecovery pace moderating, ongoing #COVID19 delta outbreak and looming Fed tapering decision.

No Ursa account yet? Download Ursa here!

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.