Weekend Update 10/2/2021

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

Green Oct start on potential #COVID19 pill 🦠💊

📉  September pullback. S&P 500 finished September down -5%-first red month after 7 consecutive green ones. Macro uncertainty drove market correction off all-time highs as investors faced #InflationFears#RisingYields and #ChinaTension.

💸  Yields keep rising. 10-year treasury yields rose another +5% extending last week gains. #InflationFears in focus on energy pricing surging and supply chain woes. Strong #Flight2Safety rotation with Growth down over -3% for week while S&P 500 down -2%.

💊  COVID pill optimism. Merck’s positive data for a #COVID19 pill has markets surging to start October. #COVIDRecovery and in particular #RevengeTravel names lead the way. S&P 500 starts Oct up over +1%.

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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.