Weekend Update 3/6/2022
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Ukraine continues resisting Putin aggression on infrastructure and civilians
☢️ Nuclear threat. More escalation in #UkraineCrisis as Putin’s forces attack infrastructure including a nuclear power plant fire that fortunately was put out without dangerous radiation leakage. Markets continue volatility with S&P 500 down again -1% for the week.
🛬 Travel grounded. #UkraineCrisis escalation has take the wind out of #RevengeTravel sails especially as escalating conflict appears longer-lasting. Travel names pummeled as countries close airspace to Russia, fuel (energy) prices surging and overall European continent uncertainty.
💸 War inflation. Fed Chair Powell noted #UkraineCrisis may be bolstering #InflationFears near-term and signaled likely rate hike in upcoming March meeting. 10-year treasury yield toppled -13% last week. New CPI data this coming week expected to hit 8%.
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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.