Weekend Update 1/29/2023
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Soft landing confidence increasing, will it hold with Fed on tap?
🤷♂️ Shrugging off economic worries. GDP grew at a 2.9% annualized rate in Q4. The initial estimate was stronger than expected, but strength driven by consumer spending which is starting to see some signs of faltering. Investors getting optimistic for a softer #Recession2023 landing.
🛡 Recession defense. Very volatile earnings season so far with sentiment differing company-to-company. Investors continues to rewards and punish stocks for 2023 outlook. Seems #Recession2023 slowing is expected, but scrutiny is on how fortified is cost structure to weather it.
🟢 Risk ON. With S&P 500 down -19% and NASDAQ down -33% last year, investors seem antsy to pile back into #RiskOn Growth names. Soft landing expectations fueling renewed confidence. Growth sectors Technology, Communications and Discretionary outperforming this week leading S&P 500 up 2.5%.
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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.