Weekend Update 12/3/2023

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

Markets finish higher for the 5th straight week concluding a massive November rally

🥳 November rally. The S&P 500 rose for the 5th straight week up +0.8% as markets eagerly anticipate that Fed is done with #RisingYields. The rally powered a 8.9% rise in November and kicks off December up +0.6%.

🕊️ Doves galore. More mixed Fed commentary last week, but investors still adamant #RisingYields are over. Expectations for rate cuts are moving forward as markets optimistically pricing in the perfect #Goldilocks soft landing again.

🛍️ Record Thanksgiving weekend. The National Retail Federation announced the Black Friday thru Cyber Monday extended weekend set a record with more than 200M shoppers. It’s still TBD if the record sales are a signal of consumer strength or just bargain hunting.

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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.