Weekend Update 11/7/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Tapering coming, but Fed maintains slow approach
🦥 Cautious Fed. As expected, Fed starting to taper asset purchases by $15B/month. However, Fed remains steadfast in transient #InflationFears expectations tempering rate hike forecast. 10-year treasury yield fell -7% during the week with Financials 🏦 lower with it.
✈️ Travel time. #RevengeTravel got a shot in the arm with more positive #COVID19 pill data. Compounds strong #earnings as travel restrictions ease globally. All 👀 on holiday travel season and if #COVID19 remains under control this year.
🥽 Metaverse is coming. The #Metaverse is the new tech buzzword and everyone seems to want a piece of it－Social Media, Productivity, Gaming, etc. Hard to predict winners this early, but regardless GPU suppliers seem poised to win regardless.
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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.