Weekend Update 5/29/2023

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

AI super trend continues to fuel growth rally…

🤖 AI buildout rally. Blowout earnings outlook from Nvidia has the #AI hype train rolling. Accelerated computing buildout in full swing as data centers race to support demand for #AI applications.

🎭 Debt ceiling drama. Political back-and-forth all week as debt ceiling deal negotiations continue. Seems a compromise deal is now in place, but will still ultimately need votes to pass this week.

🏦 Mixed Fed minutes. Lost in the debt ceiling and AI newscycle, the May Fed meeting minutes were also released last week. Seems to be mixed opinions on a potential June pause. Odds on a #RisingYields pause at the next meeting starting to recede.

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As of the publish date, Ursa portfolios may own NVDA. These securities may cease to be portfolio holdings at some point in the future. 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.