Weekend Update 3/26/2023

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

Growth pulls ahead as banking crisis limits the Fed’s options…

🏦   Global banking worries. The week opened with global bank UBS buying beleaguered rival Credit Suisse. While #BankingCrisis fears are easing, global concerns resurfaced with German lender Deutsche Bank falling as much as -15% intraday Friday in European markets.

🧐   End of rising yields? The Fed raised rates by another 25bps, but signaled #RisingYields likely nearing its end. While #InflationFears remains stubbornly high, the Fed options are limited with a growing #BankingCrisis to contend with.

🥳   Risk party. #RiskOn Growth outperformed #Flight2Safety Value names by 2% last week and now by 6% YTD. Investors continue to be extremely optimistic for a market bottom near-term and a quick Fed rate hike reversal pivot.

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As of the publish date, Ursa portfolios do not own UBS, Credit Suisse or Deutsche Bank with no plans to open any 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.