Weekend Update 12/17/2023

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

Markets higher for 7th straight week as Fed signals end of #RisingYields

🧊 Inflation cools. November CPI rose just 0.1% M/M with Core CPI up 0.3% in-line with expectations. Inflation has considerably pulled back over the past half year. This progress is boding well for the ideal #Goldilocks soft landing.

🎉 End of Rising Yields. It was a dovish final Fed meeting of 2023. Powell signaled the Fed is comfortable with the inflation decline progress and shifting focus towards a more balanced perspective. In addition, the new dot plot forecasts 3 rate cuts next year.

🔥 Market gains continue. Another green week marks the 7th straight up week for the S&P 500. Markets had been rallying since November in anticipation of the end of #RisingYields and that’s exactly what they got from the Fed this 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.