Time to Get Greedy 😈

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

Keep Calm & Stay Invested 👑

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

Back in Correction Territory 📉

😬  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 travel. #UkraineCrisis pressuring near-term outlooks, but not derailing long-term prospects. Overall very bearish sentiment with S&P 500 down -3% for week. 📉  Correction territory (again). Markets wrap up a very bearish April. S&P 500 fell -9% in Read More

75 is the new 50 🏦

💸  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 freefall on Friday over potentially very hawkish incoming rate environment. 😬  Recession concerns. Surprisingly light earnings week as investors continue to turn attention towards #RecessionWatch. 10-year treasury yields continue to climb up +3% to new Read More

Travel Takeoff 🛫

💸  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 locking in near-term aggressive #RisingYields plan. ✈️ Travel returns. Strong earnings report by portfolio company airline Delta boasting last 5 weeks were the “highest bookings in our history”. Bodes well for #RevengeTravel kicking off this summer. Read More