Weekend Update 1/20/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Cooler inflation reignites market optimism
🧊 Cooler inflation. #Inflation was cooler than expected for both the core CPI and PPI. On the consumer front, markets finally got a cooler reading (+0.2%) after four straight months of stickier +0.3% increases.
💪 Big banks flex. As usual, big banks kicked off the earnings season. Their earnings showed broad strength with solid net interest income outlooks. Banks are thriving on a strong economic environment and higher rates.
📈 Market rally. Markets surged on the cooler #Inflation data Wednesday with another leg up on Friday. The S&P 500 ends the week up almost 3% and solidly back in the green for the year.
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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.