Weekend Update 2/21/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Ukraine escalation accelerating through weekend…
⚔️ Ukraine escalating. Putin escalating #UkraineCrisis declaring two pro-Russia eastern territories independent and moving troops in for “peacekeeping”. Volatile market all week initially rising on Putin’s diplomatic head fake early before tumbling on steady escalation. S&P 500 rose +1% thru Wed before ending down -1.5% for the week.
💸 No Fed surprises. Fed’s Jan meeting minutes released with no surprises unlike Dec’s hawkish surprise. While definitely likely to be more aggressive with #RisingYields to combat #InflationFears, minutes didn’t surprise investors and actually soothed more hawkish fears.
🤗 Omicron recovery. Lost in the Ukraine news cycle, #COVIDRecovery momentum picking up with Omicron cases in sharp decline. #RevengeTravel names were one of the few bright spots last 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.