Weekend Update 11/21/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Strong retail data leads market into start of holiday season 🛍
🛍 Strong retail spending. Retail #earnings were strong highlighting #COVIDRecovery consumer demand remains intact despite #InflationFears. However, #SupplyScare issues remain heading into Q4. Consumer up +4% for week.
🦠 4th Wave? #COVID19 resurgence in Europe as rising case has Austria mandating 20-day lockdown and Germany not ruling out potential lockdown either. Even 
cases troughed weeks ago and rising again. Volatile market as #COVIDRecovery keeps starting and stopping.
️💸 Yield momentum weakens. 10-year treasury yield began week up +3% before finishing down -3% as rising #COVID19 cases stall recovery yet again. Yield relief sparked Growth momentum－significantly outperforming Value last week.
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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.