Weekend Update 2/1/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Volatile market week with tariffs set start this month
🤖 DeepSeek scare. The week opened with #AI put into a tailspin with the new Chinese-developed DeepSeek model. At first glance, the new #AI model could be developed and trained at significantly lower costs and computing power.
🏦 Fed on pause. The Fed held rates flat at the first meeting of the year. While now in a “wait and see” mode for #RateCuts, Powell still reassured investors that #Inflation progress continues… just a maybe a bit delayed.
️🚢 Awaiting tariffs. While #Tariffs were not imposed immediately, the moment of truth has come. #Tariffs are set to go into effect on Tuesday for Canada, Mexico and China. The S&P 500 ends a volatile week down -1% ahead of the #Tariffs details over the weekend.
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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.