Weekend Update 8/2/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
#BigTech earnings drives rebound from Middle East tension and the Fed…
️️🏛️ Hawkish hold. As expected, the Fed held rates flat, but three members dissented in favor of #RateHikes. It appears #Inflation concerns are simmering alongside rising energy prices. Market expectations for future #RateHikes are at 90% by year end.
🤖 Mixed AI earnings. Mixed reaction to #BigTech earnings as investors continue to benchmark their #AI monetization and spending. Overall, markets cheered accelerating #AI growth and punished increasing CapEx spending.
📈 Volatile rebound. Markets end the week with the S&P 500 up +1.1%. Initially, markets fell on rising #GlobalTension and the Fed, but rebounded later on net positive #BigTech earnings and in-line PCE #Inflation.
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