Weekend Update 1/30/2022

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

S&P 500 breaks 3-week losing streak despite Fed non-committal aggression

😳  Aggressive Fed looms. New Fed commentary alluded to increasingly aggressive stance, but didn’t provide much concrete details. Without committing, Fed did signal #RisingYield rate hikes starting in March and balance sheet reduction in the works. We believe Fed policy shifts faster this year with less consideration of market impact to aggressively combat #InflationFears.

💻  Big Tech to the rescue. Pair of #BigTech righting the ship for beleaguered Tech sector in correction down -11% YTD entering last week. Both Microsoft and Apple wowed investors with strong earnings and outlook. Tech starting to rebound +2% last week.

📈  Markets snap 3-week loss. Strong finish on Friday in power hour broke 3-week losing streak for markets. S&P 500 ended up slightly below +1% for week. Growth returns slightly edged out Value by 1% largely thanks to Tech rebound.

No Ursa account yet? Download Ursa here!

As of the publish date, Ursa portfolios may own MSFT & AAPL. These securities may cease to be portfolio holdings at some point in the future. Any mention of these securities is for purely informational purposes only and NOT investment advice.

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.