Weekend Update 7/31/2022

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

Strong July finish as opportunistic investors hope for inflation peak

汕 Another 75 bps hike.July Fed meeting ends with another 75 bps #RisingYields rate hike. Economy slowing, but job gains robust and unemployment remains low. Peaking #InflationFears and #RecessionWatch soft landing sentiment driving bullish market rally.

戊 GDP shrinks.Q2 US GDP fell -0.9% annualized on weaker consumer spending, housing and business investment. Still not officially a recession yet with Q1 up 1.6%, but investors view as another signal #InflationFears peaking. S&P 500 finished strong July up +4.3% in final week.

撢 Strong or weak consumer?Mixed#ConsumerNoConfidencesignals with strong credit card spending particularly#RevengeTravel, but demand forecasts lower in retail. Seems companies continue to prepare for a downturn, but consumers still spending. Does spending strength taper-off going to Fall? Something to monitor.

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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 Ursas full disclosures here.