Weekend Update 12/26/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Omicron optimism leads to Christmas rally 🎄
🧪 No US lockdown. Biden announced 🇺🇸 #COVID19 Omicron plan focusing on vaccination and testing vs. lockdowns. Fearing a shutdown similar to many in Europe, announcement kicked off week-long rally on Omicron optimism.
🥳 Lots of Omicron cheer. Looking past surging cases, investors rally into the holidays on #COVID19 Omicron optimism. It seems like Omicron surges to a peak quickly with milder symptoms－potentially leading to an upside scenario speeding up #COVIDRecovery globally.
🎅 Santa came early. S&P 500 up +2% on Omicron optimism. Feeling the holiday spirit, investors strongly bought into the market ahead of Christmas leading to record-high for S&P 500. 10-year treasury yield also rose up +6%.
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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.