Weekend Update 12/19/2021

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

Fed doubling down on asset tapering plans 💸

🦅  Fed shifting to offense. Fed turns hawkish to combat surging #InflationFears. Fed accelerating tapering plan doubling monthly reduction to $30B and targeting 3 rate hikes in 2022 (up from just one expected last month). We think even the accelerated expectations may still be conservative…

😷  Omicron surging globally. While still milder symptoms generally, high transmissibility has #COVID19 Omicron surging globally. Investor concerns as near-term #COVIDRecovery looks stalled again.

️😬  Growth rotation. Weak market overall with S&P 500 down -2% for the week. Despite initially rising in power hour immediately following Fed remarks, Growth took the aggressive tapering and rate hikes on the chin falling -3% for the week as investor fled to #Flight2Safety Value names only -1% lower.

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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.