Weekend Update 5/2/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Stocks rally again, but so does oil and gas…
🧐 Negotiations stalled. The ceasefire is holding. However, the Strait of Hormuz remains closed, the US blockade is still up, and at least publicly, negotiation progress has stalled. Markets remain optimistic, but #GlobalTension remains high.
🏦 Fed fighting. At the meeting, rates were held flat as expected, but we’re seeing some internal fighting. Some members are disputing the idea the Fed is just waiting to resume #RateCuts. It seems they prefer the outlook to be seen as a question mark rather than just a pause.
📈 Rally continues. Markets continued to climb with the S&P 500 rallying almost another 1%. However, diverging from the market’s optimism, oil has surged 8% this week and gas prices have jumped 9%.
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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.