Weekend Update 9/5/2022

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

The jobs report didn’t get the recession memo…

💼  Jobs remain strong. Both private sector workforce and jobs report numbers remain strong. While labor market strength is positive for the economy, also likely fuels ongoing #RisingYields with Fed focus on slowing growth.

🦅  Hawkish sentiment. Market’s hawkish sentiment continues following Powell’s Jackson Hole speech. Strong jobs report only reinforces necessity for further #RisingYields to slow growth. S&P 500 falls in third straight week down another -3%.

🇨🇳  China semi ban. US bans certain semi chip sales to China and Russia where usage may be for military purposes. Enforced through new licensing requirements on future exports. Action may increase recently easing #ChinaTension.

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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.