Weekend Update 2/9/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets swing to a loss after a weaker jobs report and the prospect of more tariffs
🥺 Tariffs, tariffs and more tariffs. #Tariffs on Mexico, Canada and China were announced last weekend, but Mexico and Canada made deals to delay theirs while China opted to retaliate. However, it wasn’t over as the White House announced more #Tariffs coming next week.
🧊 January jobs cool. The January jobs came in cooler adding 143K jobs down from December’s 307K and below forecasts. Meanwhile, unemployment fell to 4% and hourly wages grew 0.5% M/M. Markets welcomed more muted #LaborMarkets, but monitoring the higher wage growth which could impact #Inflation.
️🤔 Market uncertainty. It was a volatile market week from #Tariffs last weekend (and expectations for more) as well as the lead up to the January jobs report. While the S&P felt like a rollercoaster all week, it actually ended just slightly lower down -0.2%.
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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.