Weekend Update 5/17/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
US-China Summit hype overshadows hotter #Inflation…
🔥 Hot inflation. Consumer prices spiked more than expected in April with CPI #Inflation up 3.8% Y/Y. And, it’s not just energy, with #Inflation spreading into other areas with Core CPI climbing to 2.8% Y/Y. Meanwhile, producer costs rose as well with Core PPI up 4.4% Y/Y.
🇨🇳 Lackluster summit. Markets rallied earlier in the week on US-China summit hype. However, the two-day summit ended with lots of platitudes, but no real deal announcements. Investors were hoping for more #AI trade deals as well as some #Tariffs easing.
🏦 Rate reset. The S&P 500 ends the week just slightly higher up +0.1% as a delayed reaction to the hotter #Inflation wipes out earlier gains. #RateCuts expectations have also flipped with 50% odds on a rate hike instead later this year.
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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.