Now that you can trade Water Futures, I’m betting on the Appharvest IPO to boom.

California and the Western States are running out of Water, so is Mexico, where we get most of our fruit and vegetables, and now that the Markets can finally trade on Water Futures, I don’t think it’s any coincidence that the Appharvest SPAC stock $NOVS has rocketed up over 50%, hitting a peak of $18.73 from just $10.80 a month ago. Indoor farming uses 90% less water than traditional farming, and Appharvest is promising to be completely water independent, operating on collected rain water alone; Water futures trading will be the catalyst for Greenhouse and Vertical Farming to boom, they’re effectively a hedge against destructive droughts that are projected due to climate change.

READ  U.S. Trade Deficits Increase from Covid
READ  Dollar short is the most crowded trade. All are sitting at the same side of the boat.

www.cnn.com/2020/12/07/investing/water-futures-trading/index.html

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

70 views