Weekend Update 6/9/2024

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

Markets continue to rise ahead of big macro week

πŸ€– AI announcements. Lots of #AI news kicked off the week coming out of last week’s Computex. All the major chipmakers unveiled future plans and roadmaps as the competition continues to accelerate to meet the surging global demand.

πŸ”₯ Hot jobs. Markets grew tentative towards the end of the week on hotter-than-expected #LaborMarkets. Investors continue to bet on imminent #RateCuts-reversing economically restrictive policy to achieve the coveted #Goldilocks soft landing.

🐌 Slow week. The S&P 500 ended up +1.3% for the week buoyed by early week gains and mostly cautious trading towards the end. A big macro week on tap next with the Fed and new inflation data.

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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.