Weekend Update 4/17/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Travel takes off on strong summer demand
💸 Inflation keeps climbing. 12-month CPI grew 8.5% in March－new 40-year high, but largely driven by surging gas prices. Some signs of #InflationFears peaking/stabilizing. However, data likely locking in near-term aggressive #RisingYields plan.
✈️ Travel returns. Strong earnings report by portfolio company airline Delta boasting last 5 weeks were the “highest bookings in our history”. Bodes well for #RevengeTravel kicking off this summer. Other travel names also solidly in the green on the positive read thru.
😬 Recession concerns. Bank earnings cautious with credit reserves starting to build on #RecessionWatch concerns. Meanwhile, consumer electronics and related supply chain weak on moderating consumer demand. S&P 500 ends week down -2% lead by Technology sector down -4%.
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As of the publish date, Ursa portfolios may own DAL. 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.