Weekend Update 11/26/2023
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets rise again on short Thanksgiving holiday week
🤖 Altman is back. OpenAI has announced ousted CEO Sam Altman will return to his former position with a new board. After 5-days of drama, it looks like the #AI world is reset back to last Thursday before the former board abruptly fired Altman.
🦅 Return of the hawk? The November meeting minutes revealed the Fed expects restrictive interest rates for some time. While not contradicting the market’s end of #RisingYields expectations, rallying markets likely hoping for a quicker pivot from the higher rates. We’ll see.
️🎄 Holiday season kick-off. Annual Black Friday sales kicked-off right after the turkey feast. Investors will be paying close attention to estimates of the weekend thru Cyber Monday for signal on the 2023 holiday season and a barometer on consumer confidence.
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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.