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Weekend Update 5/22/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Retail tanks on supply, logistics, labor and inflation ? Retail selloff. Retailers’ profitability hit sounded the alarm with negative impact from higher markdowns, freight costs, supply disruptions and labor costs. Perfect storm Read More
Market Musings 5/18/2022 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! S&P 500 creeping into bear market territory with likely recession near-term. While we’re not calling (nor expecting) a market bottom here, we do believe this is the time to start getting greedy. “Fearful Read More
Weekend Update 5/15/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Soft or hard economic landing has investors debating ? Stabilizing, but still high. New CPI data with April inflation rising +8.3% Y/Y. First monthly decline in 8 months, but still extremely elevated. Read More
Market Musings 5/9/2022 Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store! We focus on fundamentally strong investments with long-term time horizons to weather market down cycles Coming into 2022, market sentiment was already increasingly bearish with aggressive #RisingYields expected to combat surging #InflationFears. #UkraineCrisis Read More
Weekend Update 5/8/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Market whiplash as investors initially cheer 50 bps rate hike ? It’s NOT 75 bps… Fed continued aggressive #RisingYields plan raising target fed rate by 50 bps to 0.75% to 1% and planning to Read More
Weekend Update 5/1/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! S&P 500 falls back into correction territory as market bleeds ? Recession worries. Big earnings week with >40% of our companies reporting. Main takeaway being #COVID19 winners like e-commerce and WFH giving way to #COVIDRecovery like Read More
Weekend Update 4/24/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! New rate hike forecasts expecting 75 bps in May ? Hiked expectations. Fed commentary setting table for aggressive #RisingYields likely erring on too hawkish to combat unabating #InflationFears. New forecasts projecting 75bps hike (0.75%). Markets Read More
Weekend Update 4/17/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Travel takes off on strong summer demand ? Inflation keeps climbing. 12-month CPI grew 8.5% in March－new 40-year high, but largely driven by surging gas prices. Some signs of #InflationFears peaking/stabilizing. However, data likely Read More
Weekend Update 4/10/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Fed looking to spread its wings to aggressively combat #InflationFears ? Yields spike. Fed March meeting minutes released signaled very hawkish discussions around raising yields in 0.5% increments and starting balance sheet Read More
Weekend Update 4/3/2022 Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store! Recession worries as yield curve inverts ? Yields invert. 10-year treasury yield fell -5% from last week’s YTD peak. Yields briefly inverted sending markets sharply lower Thursday. A flattening yield curve signals Read More