Mr. May’s Wild Ride ?
S&P 500’s wild ride in May just to end essentially flat－so much for “sell in May and go away”.
Soft Landing Optimism ?
Weekend Update 5/30/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Markets sharply rebound on easing Fed optimism ? Easing Fed? Strong market rebound on improving inflation data and potential Fed reassessment after couple more #RisingYields hikes. Investors looking to call bottom, but we’ll see Read More
Consumer Crumbles ?
Weekend Update 5/22/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Retail tanks on supply, logistics, labor and inflation ? Retail selloff. Retailers’ profitability hit sounded the alarm with negative impact from higher markdowns, freight costs, supply disruptions and labor costs. Perfect storm Read More
Time to Get Greedy ?
Market Musings 5/18/2022 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! S&P 500 creeping into bear market territory with likely recession near-term. While we’re not calling (nor expecting) a market bottom here, we do believe this is the time to start getting greedy. “Fearful Read More
Schrodinger’s Economy ?
Weekend Update 5/15/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Soft or hard economic landing has investors debating ? Stabilizing, but still high. New CPI data with April inflation rising +8.3% Y/Y. First monthly decline in 8 months, but still extremely elevated. Read More
Keep Calm & Stay Invested ?
Market Musings 5/9/2022 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! We focus on fundamentally strong investments with long-term time horizons to weather market down cycles Coming into 2022, market sentiment was already increasingly bearish with aggressive #RisingYields expected to combat surging #InflationFears. #UkraineCrisis Read More
Furious 50s ?
Weekend Update 5/8/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Market whiplash as investors initially cheer 50 bps rate hike ? It’s NOT 75 bps… Fed continued aggressive #RisingYields plan raising target fed rate by 50 bps to 0.75% to 1% and planning to Read More
Back in Correction Territory ?
Weekend Update 5/1/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! S&P 500 falls back into correction territory as market bleeds ? Recession worries. Big earnings week with >40% of our companies reporting. Main takeaway being #COVID19 winners like e-commerce and WFH giving way to #COVIDRecovery like Read More
75 is the new 50 ?
Weekend Update 4/24/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! New rate hike forecasts expecting 75 bps in May ? Hiked expectations. Fed commentary setting table for aggressive #RisingYields likely erring on too hawkish to combat unabating #InflationFears. New forecasts projecting 75bps hike (0.75%). Markets Read More
Travel Takeoff ?
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 Read More