Weekend Update 2/11/2024

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

S&P 500 tops the 5,000 point milestone as markets remain giddy

🏔️ 5,000 points. The S&P 500 surpassed 5,000 points this week. Giddy markets ran another 1.4% this week to breach the milestone. Investors continue to bet on a perfect #Goldilocks soft landing and quick #RateCuts.

📊 Earnings end. The majority of earnings season wrapped up last week with more volatility. Some takeaways include #CyberSecurity winning, investors continue to cheer cost cuts and post-pandemic travel demand waning.

🏈 Streaming sports. ESPN, Fox and HBO plan to launch a sports streaming service later this year. Potentially the nail in the coffin for cable providers with live sports one of its few remaining value props.

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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.