Weekend Update 3/20/2022

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


Fed finally hikes yields amid #UkraineCrisis and new #COVID19 China lockdowns


🏦  Fed hikes rate. No surprise, Powell announced Fed Rate hiked by 0.25%. Increasingly more hawkish (likely overcompensating for misjudging “interim” inflation last year), Fed forecasts 6 more rate hikes this year exiting at ~1.9%. Welcome to the Age of #RisingYields.

️🛢  Crude oil moderates. Crude oil pricing pulled back as much as -25% from flirtations with $130 highs. Market sentiment bullish this week largely on ongoing #UkraineCrisis ceasefire talks and potentially reduced demand from #COVID19 China lockdowns. S&P 500 surged +6% this week led by Growth rebound up +8%.

🦠 China lockdowns. #COVID19 cases surging in China causing lockdowns including Shenzhen home to major electronics assembler Foxconn. Potential near-term economic impact from reimposed restrictions contributing to moderating oil prices.


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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.