Weekend Update 2/6/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets remain extremely volatile but rebounding from Jan
☕️ Jittery markets. Markets remain extremely volatile as investor reevaluate lofty growth valuations. Winners this week include AMD surging on strong growth outlook and Amazon hiking Prime price; while losers include Meta and PayPal plummeting on slowing growth.
️🦠 Omicron in decline. 🇺🇸 #COVID19 Omicron cases sharply declining down -60% from mid-Jan peak. Investors looking to get #COVIDRecovery party started, but facing headwinds from #InflationFears higher costs as supply and labor shortages remain.
️🥰 Stock lovin’ in Feb? Despite heavy volatility for individual company earnings, markets overall recovering from Jan correction. Bulk of earnings share similar themes－#InflationFears increasing costs, #SupplyScare to linger, and #COVIDRecovery shifts still incoming (for now). After rollercoaster week, S&P 500 ends up 1.5%.
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As of the publish date, Ursa portfolios may own AMD, AMZN, FB & PYPL. 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.