Weekend Update 11/8/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
#AI plummets as bubble burst fears surge…
🇺🇸 US midterms. The result of the US midterms was a congressional regime change with Democrats surging. #GlobalTensions worries sharply pulled back with likely stronger opposition to the Iran war, but #AI tumbled as data center limitations may be front in center next year.
💼 Job market strength. The #LaborMarkets jobs reports was very strong as nonfarm payrolls surged in October along with positive revisions in August and September while unemployment fell. The Fed can likely continue to focus on moderating #Inflation.
📉 AI crash. While the rest of the market was actually fairly decent, the #AI trade crashed taking tech down -8% for the week. The overall market ends down -2.7%.
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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.