Weekend Update 12/15/2024
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Inflation week ends with a new #AI market star
️️😅 No inflation surprise. Both the November core CPI and PPI #Inflation came in in-line. While still stubbornly trending higher than the Fed’s target rate, the data likely secures the expected #RateCuts next week.
🎁 Custom AI present. Markets cheering a new potential market opportunity with application-specific #AI chips. Custom #AI chips may be a $60B to 90B market by 2027 with some #BigTech already working on them.
️🍸 Inflation hangover. The S&P 500 ends the week down -0.6% ahead of the Fed meeting next week. Investors were cheerful the inflation data likely secures next week’s #RateCuts, but some concern that the sticky data may potentially impact 2025 expectations.
No Ursa account yet? Download Ursa here!
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.