Weekend Update 4/19/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets rally and oil tumbles, but gas prices stay elevated…
✌️ Betting on peace. Despite a failed initial negotiation last weekend, the US-Iran ceasefire held through the week with promises of more #GlobalTension deescalation. By the weekend, Iran announced the reopening of the Strait of Hormuz and ceasefire in Lebanon.
💸 PPI surprise. Producer #Inflation PPI cooled more than expected in March up 0.5% M/M vs. expectations for 1.1%. Meanwhile, Core PPI decelerated back into the moderate range up just +0.2% M/M. #Inflation concerns remain high with crude oil still elevated.
📈 Rally continues. Markets continued to climb with the S&P 500 fully recovering from the #GlobalTension declines and hitting a new record. The S&P 500 was up +4.5%－surging for the 3rd straight 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.