Weekend Update 1/2/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Investors pullback on NYE euphoria on high valuation concerns
🎅 Santa Rally fizzles. Seasonal Santa Rally started strong on Monday up +1.4% before fizzling out through remainder of low volume holiday week. S&P 500 ends slightly up +1%. Investors seem cautious following strong market year up over +25%.
🐭 Cautious investors. With another strong Growth performance year-to-date, investors timid in 2021’s final week. Lots of rotation into #Flight2Safety Value names to end year. Growth underperformed Values by ~1%.
✈️ Travel nightmare. Thousands of flights canceled over Christmas weekend and continue to be canceled as surging #COVID19 Omicron cases hit flight crew staffing. Likely just near-term impact, but hits hard during busy holiday season. Travel names weak through 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.