Weekend Update 5/14/2023

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


In-line CPI increasing market odds for rate hike pause


In-line CPI. April CPI grew +4.9% Y/Y just slightly lower than 5% in March. Meanwhile, core CPI grew +5.5% also slightly lower than March. With no #InflationFears surprise, odds that the Fed pauses #RisingYields in June continue to improve.

🛍 Consumer sentiment waning. Consumer sentiment fell in May retreating after improving YTD. May’s reading came in below expectations for sentiment to remain mostly flat M/M from April.

🤔 Market uncertainty. Despite rallying on the Fed meeting last week and CPI data this week, markets continue to trade tentatively. The S&P 500 finishes slightly lower for a second straight 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.