Weekend Update 7/13/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
This week was all about tariffs, tariffs and more tariffs…
😵💫 Tariffs announcements. Lots of #Tariffs news this week. Over 20 countries received updated letters on “new” #Tariffs while a new 50% on Copper was also announced. In addition, Canada was boosted to 35% and countries without update letters will be boosted to 15-20%.
🌮 Tariffs delayed… again. Despite the aggressive posturing, all new, updated and existing #Tariffs now have a start date of August 1. This is essentially just equates to another #Tariffs extension that markets have come to expect.
😓 Markets resilient. Despite some volatility, markets continue to remain optimistic for the “taco” trade to continue. The S&P 500 did pullback -0.3% this week, but remains near all-time highs despite the #Tariffs headline turbulence.
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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.