Weekend Update 7/26/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
BigTech spending & rising oil has Wall Street worried…
⚔️ Ongoing strikes. Middle East #GlobalTension escalated over the week as the US maintained daily strikes on Iran. Meanwhile, Iran-aligned Houthis rebels brought the conflict the Red Sea with attacks on Saudi Arabia tankers. Oil futures climbed 8% for the week.
📰 Big Tech earnings. #BigTech earnings began this week and investors came away disappointed. While #AI revenue is growing, it’s still far away from meaningful return on the massive spend and now starting to generate negative cash flows. Investors not happy #AI CapEx spending continues to be a runaway train.
📉 Sour sentiment. Markets end the week with the S&P 500 down -0.6%－falling for the second straight week. Investors tried to rally a bit early week trying to rekindle the #AI optimism, but escalating #GlobalTension reversed the rebound.
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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.