Weekend Update 12/11/2022

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

Hike deceleration cheer fades with CPI and Fed on tap

😬  Recession fears. #RecessionWatch fears with US CEO survey expecting slower hiring, softer sales and less capital investment near-term. Walmart CEO commented consumers stressed and forced to prioritize spending pressured by #InflationFears.

🙄  Pivot rally reverses (again). Strong labor and economic data has Fed pivot sentiment reversing yet again. Market volatility continues with every small datapoint scrutinized from all angles. S&P 500 finishes down -3% for week ahead of CPI and Fed next week.

🇨🇳  China easing restrictions. China easing #COVID19 restrictions likely due to protests last week and faltering #RecessionWatch economic growth. China #COVID19 policies closely watched for impact on supply chains and large contribution to global economy.

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As of the publish date, Ursa portfolios do not own WMT with no plans to open new positions in the next 5 days. 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.