Weekend Update 4/16/2023

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


Big banks kick off with strong earnings benefiting from #RisingYields


🦅 Fed still hawkish? Fed meeting minutes confirm conflicting priorities between combating #InflationFears and stabilizing #BankingCrisis. Fed debating when to pause #RisingYields, but seems to be setting up another hike in May.

🥶 Inflation cooling. March CPI was up only 5% Y/Y slightly below expectations for 5.2%. The next day, March PPI was released falling to 2.7% Y/Y well below expectations for 4.9%. Markets barely moved on the CPI data, but surged the next day on the PPI beat.

🚀 Bank boost. Another earnings season with banks kicking off. Strong earnings so far as the #BankingCrisis seems to be stabilizing (at least for big banks) and interest income expectations beating driven by #RisingYields. More banks reporting next week.


No Ursa account yet? Download Ursa here!

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.