Weekend Update 9/15/2024
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets rebound with 5 consecutive green days heading into next week’s Fed meeting
💸 Mixed inflation. August inflation was surprisingly stubborn with both the core CPI and PPI coming in ahead of expectations. However, markets largely shrugged off any concerns.
️🏦 25 or 50? The debate between a 25 or 50 bps cut continued as the mixed inflation data deflated some 50 bps optimism. Investors seem to have both settled for a 25 bps #RateCuts next week while still optimistic for the 50.
📈 Another quick market recovery. It felt a bit like déjà vu with markets falling to start the month on #Recession fears and then following up with another strong relief rally. The S&P 500 finished the week up 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.