Weekend Update 12/12/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Market liftoff on easing #COVID19 Omicron worries 🚀
😅 Omicron fears abating. Positive developments on the #COVID19 Omicron front has the market running. Cases so far seem mild with high transmissibility and Pfizer believes its 3-shot regimen (2 initial + 1 booster) protects against Omicron.
🙄 CPI up only 6.8%… Nov 12-month CPI grew 6.8%－a 40-year high. However, markets actually cheered the news with CPI coming in below #InflationFears estimate of 7%. 10-year treasury yield rebounding up +11% for week.
👟 Tech running. Strong week for Technology up +6% outpacing overall S&P 500 up +4% for week. Not a lot of company specific news, but #BigTech and Payments rebounding hard.
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.