Weekend Update 11/27/2022

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


Strong online Black Friday sales with consumer spending unabated by inflation


🇨🇳  More China lockdowns. China locked down southern metropolis Guangzhou’s largest district reimposing strict zero-COVID policy despite supposedly relaxing #COVID19 measures the prior week. Global #RecessionWatch fears rising given China’s significant economic impact.

🚀  Fed Fuel. Fed meeting minutes released Wednesday bolsters sentiment that officials are looking to decelerate #RisingYields pace. Fed currently expected to slow rate hike to 50bps (from 75bps) at December meeting.

🛍  Black Friday strength. Early estimates signal record online Black Friday sales despite sparse in-store crowds. Seems holiday shoppers undeterred by #InflationFears and #RecessionWatch. Compounds earlier spending strength highlighted in strong Mall stocks earnings.


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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.