Weekend Update 10/24/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Time to stock up on toilet paper again? 😜
🚢 Supply chain woes. Rising concerns #COVIDRecovery hampered by persistent supply chain issues. Consumer companies noting some consumer hoarding behavior (Pantry Loading 2.0?) as well as retail ad demand lower for holiday season. All-time high energy prices just compounding investor concerns.
💸 Yields resume climb. Erasing last week’s dip, #RisingYields resume with 10-year treasury yield up 4%. More #InflationFears bolstered by Powell’s ‘time to taper’ comments and persistent supply chain issues.
💭 Social Media implosion. Snap dived over -25% following #earnings miss on iOS 14 privacy impact and supply chain issues. Negative read thru spooked investors sending other social media companies down 3-5% lower Friday. More on the iOS 14 impact here!
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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.