Weekend Update 8/2/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets plunge as 258K jobs vanish…
🕊️ Dovish Fed. To no one’s surprise, no July #RateCuts. However, the Fed dashed hopes on the September ones noting solid #LaborMarkets, but still sticky #Inflation with #Tariffs impact still to come.
đź’¨ Vanishing jobs. Unemployment ticked up to 4.2% in July and non-farm payrolls missed expectations at 73K new jobs. However, massive revisions were the headline with June’s 147K down to 14K and May’s 144K to 19K. 258K jobs just vanished from the books.
📉 Market tumble. Markets started to fall on a dovish Fed, but plummeted after the jobs report. While the Fed’s strong #LaborMarkets commentary didn’t age well, we do note unemployment only slipped back to May levels… In any case, the S&P 500 fell -2.4% for the week.
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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.