Weekend Update 3/9/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Tariffs wreck havoc on markets as wary investors grasp for hope
😵💫 Tariffs, tariffs, tariffs. On Monday, #Tariffs went into effect. Retaliations came on Tuesday with 15% on ag products from China and 25% on $155B of US goods from Canada. Later in the week, the White House started walking back some #Tariffs including a broad 1-month exemption for all goods in the US-Mexico-Canada agreement.
️😬 Weak jobs report. In February, nonfarm payrolls added 151K jobs up from January, but below expectations. Meanwhile, unemployment rose back to 4.1% while hourly wages were in-line growing 0.3% M/M. The “stabilizing” #LaborMarkets may not be as stable as thought.
😓 Markets tumble. The S&P 500 tumbles to end the week down -3% despite an optimistic end of Friday rally after a rosy pep talk speech from Powell. We don’t share Powell’s optimism. We’re already seeing #Tariffs erode the once resilient #ConsumerConfidence.
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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.