How the Supply Chain is Stealing Christmas šŸŽ„

Market Musings 11/3/2021 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! We expect supply chain improvement starting early next year, but unfortunately, #SupplyScare is likely peaking in the all-important Q4 holiday season. It was a recurring theme this #earnings season. Company after company reported Read More

Supply Scare šŸ‘»

šŸš¢Ā  Supply shortages.Ā #SupplyScareĀ has companies scrambling to build and ship products. Component shortages, labor shortages, rising fuel costs and delayed logistics all compounding the issue. Not boding well for Q4Ā šŸŽ„Ā season. āš¾ļøĀ  Revenue strikes out.Ā Revenue missing Street expectations is a recurring theme thisĀ #earningsĀ season.Ā #COVIDRecoveryĀ demand seems to be there, but companies can’t produce enough product due toĀ #SupplyScareĀ issues. šŸ’øĀ  Yields Read More

Pantry Loading 2.0? šŸ§»

šŸš¢Ā  Supply chain woes.Ā Rising concernsĀ #COVIDRecoveryĀ hampered by persistent supply chain issues. Consumer companies noting some consumer hoarding behavior (Pantry Loading 2.0?) as well as retail ad demand lower for holiday season. All-time high energy prices just compounding investor concerns. šŸ’øĀ  Yields resume climb.Ā Erasing last week’s dip,Ā #RisingYieldsĀ resume with 10-year treasury yield up 4%. MoreĀ #InflationFearsĀ bolstered by Powell’s ‘time Read More

Banking on COVID Recovery šŸ¤‘

šŸ’øĀ  Yields stabilizing.Ā #RisingYieldsĀ breaks 3-week streak with 10-year treasury yield ending week down -2%. Yields peaked Mon, dropped -6% by Thur and rebounded +4% Fri. The culprit flattening yield curves as investors worry Fed underestimatingĀ #InflationFearsĀ and will need to accelerate rate hikes. šŸ’»Ā  Growth rebound.Ā S&P 500 finished up almost +2% with high-growth Tech leading the way up Read More

New Adventures of Old Auto šŸš˜

šŸ’øĀ  Yields keep on rising.Ā For 3rd straight week,Ā #RisingYieldsĀ continue tacking on another 9%. Surging energy prices, strongĀ #COVIDRecoveryĀ data and incoming Fed action continues to driveĀ #InflationFearsĀ andĀ #Flight2Safety rotation. šŸ‡ØšŸ‡³Ā  Biden/Xi virtual summit.Ā White House reengaging Beijing holding a virtual summit later this year. Markets popped Thursday onĀ #ChinaTensionĀ relief with S&P 500 finishing +1% for week. šŸš™Ā  Legacy auto in spotlight.Ā General Motors Read More

Market-Deflating Inflation

Market Musings 10/6/2021 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! Conservative Fed playing catch up to surging inflation data. We expect more volatility as incoming Fed action gets concrete timeline. High growth likely impacted; portfolios positioned for more #Flight2Safety. Markets have been incredibly Read More

Blue or Red Pill? šŸ˜Ž Green Pill! šŸ“ˆ

šŸ“‰Ā  September pullback.Ā S&P 500 finished September down -5%ļ¼first red month after 7 consecutive green ones. Macro uncertainty drove market correction off all-time highs as investors facedĀ #InflationFears,Ā #RisingYieldsĀ andĀ #ChinaTension. šŸ’øĀ  Yields keep rising.Ā 10-year treasury yields rose another +5% extending last week gains.Ā #InflationFearsĀ in focus on energy pricing surging and supply chain woes. StrongĀ #Flight2SafetyĀ rotation with Growth down over -3% for Read More

Lehman 2.0: China Financial Crisis? šŸ˜¬

šŸ‡ØšŸ‡³ China financial crisis.Ā Chinese property giant Evergrande remains on brink of bankrupcy. TLDR timeline: MarketsĀ šŸ“‰Ā Mon ā†’Ā šŸ“ˆĀ Tues on payment assurances ā†’Ā šŸ“ˆĀ rest of week despite indications obligations not met on Thu. Dubbed Lehman 2.0, we’re monitoring closely as China looks to stabilize situation. šŸ¦Ā  Fed turning hawkish.Ā Fed signaled purchase tapering soon though vague on timing. Accelerating rate Read More