Weekend Update 9/29/2024
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets tick higher on a fairly slow week that saw Fed speakers and more macro data trickling in.
💬 Positive Fed commentary. We heard from a slew of Fed speakers this week. Overall, the commentary was positive with inflation expectations and the economic outlook heading in the right direction.
📔 Good macro data. More macro data this week continues to bolster #Goldilocks soft landing hopes. Q2 GDP was reviewed but unchanged, weekly jobless claims slightly lower and August PCE inflation slightly better while consumer sentiment was just a little mixed.
🥁 Marching higher. Yet another green week as markets continue to be optimistic for #RateCuts and a #Goldilocks soft landing. The S&P 500 ends slightly higher for the week up +0.6%.
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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.