Weekend Update 2/13/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Intensifying Ukraine crisis bombs market recovery
🎉 Recovery party… With Omicron receding, bullish market sentiment as investors were ready to get the #COVIDRecovery party started. Strong earnings results from #RevengeTravel names bolstered the euphoria. Markets rose +2% through Wed extending past 2 weeks’ green streak.
🚀 CPI still soaring. January CPI 12-month growth hit 7.5% above expectations and Dec’s 7% readout. With #InflationFears still hot, investors worry new data will fuel aggressive Fed #RisingYields action. Markets fell Thursday giving up earlier bullish recovery sentiment gains.
⏱ Imminent Ukraine invasion? On Friday, White House warned Russian invasion of Ukraine imminent potentially before end of Olympics. Markets sharply dived on intensifying global tensions with S&P 500 ending down -2% on Friday.
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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.