Weekend Update 6/21/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets rally on US-Iran peace shrugging off #RateHikes…
🕊 Finally peace? The US and Iran announced a 60-day ceasefire deal last weekend with plans to sign last Friday. Markets strongly rallied on the peace progress, but ongoing #GlobalTension in Lebanon has threatened to derail it with Friday’s signing called off.
️🏦 Fed pivot. First Fed meeting for new chair Kevin Warsh. However, it wasn’t as dovish as hoped by the White House as the Fed pivots to #RateHikes in its dot plot forecasts. #RateHikes odds have now risen to 90% by the end of the year.
🤷♂️ What hikes? While dipping midweek, markets largely ignored the #RateHikes forecast and rallied on hopes for deescalating #GlobalTension from a US-Iran deal. The S&P 500 rose +0.9% for the week, but before the Friday signing was called off…
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