Weekend Update 3/27/2022

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


Strong semi rally on Senate hearing for US foundry manufacturing funding


🛡  Biden visits NATO. President Biden traveled to NATO HQ in Belgium for discussions on ongoing #UkraineCrisis. Cautious market optimism with more cooperation, additional sanctions and forceful condemnation of Putin. S&P 500 maintains rally up another +2% last week.

💸  Rising yields chatter. Barely a week out from March meeting and investors already speculating on the next #RisingYields hike. Powell indicated Fed potentially prepared to raise rates by 0.5% at next May meeting if “a more restrictive stance” is required. 10-year treasury yield surged +16% last week adding to YTD highs.

🏭  Semi Senate talks. Multiple semi companies testify in Senate hearing for #MadeintheUSA foundry funding. Significantly large semi manufacturing share in Asia with #COVID19 restrictions and logistical impact driving current #SemiShortage environment.


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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.