Weekend Update 6/28/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets surge with White House likely to push out #Tariffs deadline
🕊️ Middle East ceasefire. After the US bombed Iran last weekend, market futures pointed lower, but Iran’s muted retaliation reignited the rally. A ceasefire was announced and appears to be holding. Oil sharply recovered from recent highs on deescalating #GlobalTension.
🧐 Economic softness. Macro data was fairly weak. While we saw a slight recovery in jobless claims, Q1 GDP was revised lower, #ConsumerConfidence recovery reversed and PCE #Inflation was higher. However, Consumer Sentiment held its mid-month recovery.
🌮 Taco Tariffs. Markets got another lift Friday as the White House signaled another #Tariffs extension and the China “deal” was signed. Canada talks were shutdown, but markets largely expecting another taco… The S&P 500 ends up 3.4% for the week.
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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.