Weekend Update 6/28/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets fall as investors sour on #AI spending returns…
🤨 Tenuous peace. Despite ceasefire deal progress being touted, the US and Iran trade attacks－both accusing the other of breaching the MOU. Regardless, crude oil continued to fall down -8% this week while gas also drifted lower down -2%.
️🥱 Inflation in-line. May PCE #Inflation was in-line with the core metric rising +0.3% M/M. In-line with expectations… so not much here to see this month for the Fed’s preferred #Inflation gauge. #Inflation is still climbing faster than hoped, but not out of control yet.
😓 AI woes. Market sentiment on #AI has reversed again as investors question whether the massive CapEx spending is sustainable past the next couple of years. We saw a #Flight2Safety rotation this week as the S&P 500 fell -2% 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.