Weekend Update 8/18/2024
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Another big green week fully recovering from the recession panic
✅ Inflation… check! July inflation data was solid. The PPI was better than expected while the CPI was in-line. Markets moved higher as #Recession fears recede, but inflation declines still support potential September #RateCuts.
💪 Strong macro data. Jobless claims fell further, retail sales rose and manufacturing fell less than expected. It was the recovery cocktail to get markets solidly back on the #Goldilocks soft landing train.
🐻 Goldilocks returns. It’s been just two weeks after investors were in full panic mode－accusing the Fed of cutting rates too slowly and bemoaning a looming recession hard landing. The S&P has fully recovered on another strong week up almost 4%.
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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.