Weekend Update 10/31/2026
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Bubble fears drive #AI names lower as hyperscalers’ cash flow turns negative…
⏸️ Fed pause. As expected, the Fed left rates unchanged during their October meeting. However, #RateHikes odds are high for resuming in the December meeting. September PCE shows ongoing, sticky #Inflation, but not surging despite the Middle East #GlobalTension.
🤖 AI crash. #BigTech earnings disappointed as once steady and reliable cash flows have turned negative. In addition, the massive #AI CapEx spending continues despite still minimal monetization return and exhausting funding options.
📉 Bearish market. Tech and Communications drove markets lower to end October. However, markets only ended the week down -0.6%.
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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.