Weekend Update 2/20/2023

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


January CPI shows inflation declines slowing…


😬  Inflation decline slows. January CPI slightly falling to 6.4% from 6.5% in December. Forecasts were lower at 6.2% potentially highlighting more stubborn #InflationFears. While volatile, markets shook off the miss and still held Monday’s gains-ending roughly flat on Valentine’s Day.

🪂  Soft landing hopes Meanwhile, more macro data with January Retail sales up 3% and Wholesale pricing up 0.7%-both were above expectations. On one hand, strong economic data potentially leads to a softer #Recession2023 landing; on the other, it also likely forces more aggressive #RisingYields.

💸  Higher rates? Markets have rallied YTD on hopes that #RisingYields end after March. However, with stubborn #InflationFears, hikes may extend through June. Markets started losing momentum Thursday with the S&P 500 ending slightly lower last week.


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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.