Weekend Update 1/4/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets finally turn green on Friday rebounding from 5 straight days of red since Christmas.
🏛️ Debt limit. Treasury Secretary Yellen warned Congress that the US is likely to hit its debt ceiling as early as 1/14. The inability to borrow has potential to shutdown or limit some government services near-term. It likely leads to more volatility as Congress negotiates an increase.
📡 Net Neutrality repealed. A US appeals court struck down FCC-reinstated net neutrality rules. Net neutrality rules require internet providers to treat all web communications equally. This #Deregulation could be a positive for telecom service providers.
🥺 The Grinch Steals Xmas. The S&P 500 ends the week down -0.5%. Markets slid -3% in the 5 trading days after Christmas. Finally, some New Year’s optimism with a rebound on Friday.
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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.