Weekend Update 8/9/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets surge back on optimism for another “imminent” ceasefire deal…
😅 Ceasefire 2.0? The US halted its strikes against Iran over last weekend and began teasing the imminent reopening of the Strait of Hormuz through the week. This sent crude oil pricing tumbling down -8%. However, Iran has still not reopened the strait…
Jobs whiff. July #LaborMarkets whiffed expectations and erased a majority of the gains from May and June. July loss -20K jobs while May and June were revised down -103K combined. However, markets hoping the poor #LaborMarkets may mute steeper #RateHikes.
📈 Market rebound. Markets surge +3.6% for the week as deescalating #GlobalTension drives oil lower and weaker #LaborMarkets mute #RateHikes expectations.
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