Weekend Update 4/21/2024

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

Markets slide on escalating #GlobalTensions, #AI spending concerns and pushed out #RateCuts

⚔️ Israel retaliates. After efforts from allies to not respond, Israel retaliates with strikes against Iran targets overnight Thursday. For the first time this year, markets looking cautious with growing #GlobalTension in the Middle East.

🤖 AI worries. #AI bubble fears have been on the rise as well. New concerns this week over whether #AI infrastructure spending may be moderating. Investors will be looking at #AI service provider earnings for better signal this week.

🏦 Hawkish Powell. Well that didn’t age well, just a few weeks post dovish Fed commentary and Powell is already shifting back to hawkish. Powell noted it likely takes longer to get confident on inflation progress after recent hotter data. #RateCuts expectations pulling back.

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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.