Well folks, as expected we saw the Fed hike rates 75bps yesterday and markets responded well, jumping on the news - this brought the S&P 500’s gain to 1.43% by the close. Our trades continued to outperform the market with $KR and $MSFT up 0.97% and 2.97%.
“The value of an idea lies in the using of it.”
— Thomas Edison
Market Talk
The $VIX is back! With Monday’s turmoil, the Volatility index was flashing mid-30s through the early half of this week’s trading only cooling down a bit yesterday given the expected and now priced-in rate hike.
Short: Advent Technologies Holdings, Inc (ADN:NASDAQ) | Timeline: 1-2 days
Advent Technologies Holdings, Inc. (ADN), an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems. Today’s trade is purely based on this stock’s technicals, as ADN has had an unusually voluminous day skyrocketing 243.97% by the end of today. That being said, with very little retesting of its previous highs and lows, this stock is due for a major cool-off through the next couple of days as this long bear run continues for Advent Technologies.
Chart of the Day - Max Drawdowns of US Equities & Treasuries
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