Weekend Update 12/29/2024
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Market whiplash after early Santa rally fizzles out
🎄 Pre-Xmas rally. It was a very slow week ahead of Christmas last Wednesday. Not much in terms of news other than #ConsumerConfidence dropping a bit more than expected. The S&P 500 rallied +1.8% into the holiday.
🛝 Post-Xmas slide. Again, slow on the news front after Wednesday’s market closure as well. However, technology pulled back some on Friday eating into the earlier market gains ahead of Christmas.
🎢 Rollercoaster Xmas. The S&P 500 ends the week up +0.7%. While still ending in the green, investors appear cautious after the strong rally across 2024 despite the seasonally stronger period.
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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.