Weekend Update 10/10/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
#ElectricVehicles reviving legacy automakers
💸 Yields keep on rising. For 3rd straight week, #RisingYields continue tacking on another 9%. Surging energy prices, strong #COVIDRecovery data and incoming Fed action continues to drive #InflationFears and #Flight2Safety rotation.
🇨🇳 Biden/Xi virtual summit. White House reengaging Beijing holding a virtual summit later this year. Markets popped Thursday on #ChinaTension relief with S&P 500 finishing +1% for week.
🚙 Legacy auto in spotlight. General Motors and Ford in spotlight this week on #ElectricVehicles momentum. General Motors hosted investor day unveiling Silverado EV and Ultra Cruise and Ford released monthly sales data including strong F-150 Lightning reservations.
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As of the publish date, Ursa portfolios may own GM & F. 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.