Congress, Cathie Wood, Block, Avalanche: The 12:00-21:00 Trading Hours

03/23/2023 13:00 • Metaverse & Beyond • 105 views

12:00-21:00 Key words: Congress, Cathie Wood, Block, Avalanche

Overview of important developments in the evening of March 23rd

Introduction

For many traders, the 12:00-21:00 window is a highly critical period in the market. This time sees a flurry of investment activity, thanks to various factors such as analysts’ reports, economic indicators, and legislative sessions. But in recent times, another factor has started to influence the afternoon trading hour dynamics. It’s the rise of Cathie Wood’s fund and her penchant for Block and Avalanche.

The Role of Legislative Sessions

Congressional sessions have been known to affect the stock market significantly. This is because laws passed often have a direct or indirect effect on the various trading sectors. As such, many traders keep an eye on Washington’s calendar, and especially so during the 12:00-21:00 window. This period is usually after Congress has left their sessions for the day, creating a window of opportunity for investors who wish to act on legislative proceedings.

Cathie Wood and Her Fund

Cathie Wood has been making waves in the trading community with her innovative Fund. Her ARK Invest actively seeks out promising new technologies and companies based on their disruptive potential. Recent months have seen ARK Invest add a considerable position in the cryptocurrency space. Specifically, two companies with strong ties to crypto have been receiving a lot of attention.

Block Blockchain

Block Blockchain is a company that operates in the real estate industry. The firm uses blockchain technology to create a secure platform for real estate transactions. As of writing, Block Blockchain is trading at $33 per share, up 287% on a year-over-year basis. The company has recorded remarkable growth in recent years, and Cathie Wood’s interest in the firm has further driven the stock price up.

Avalanche

Avalanche is another cryptocurrency company that has caught Cathie Wood’s eye. The firm’s AVAX token allows for fast and secure transactions across various decentralized apps (DApps) and is proving to be very popular. The AVAX token was recently added to ARK Invest’s portfolio, and since then, the stock price has grown significantly.

Conclusion

The 12:00-21:00 window is a critical time for traders, and many factors can influence the market during this period. Legislative sessions and the rise of Cathie Wood’s fund have made it all the more crucial, given the potential for major market swings. Investors are keeping a close eye on Block Blockchain and Avalanche, and with the continued support of Cathie Wood’s Fund, they are poised to grow even more in the coming months.

FAQs

Q. Who is Cathie Wood?
A. Cathie Wood is the founder and CEO of ARK Invest, an investment firm that focuses on innovative companies.
Q. What is the significance of the 12:00-21:00 trading window?
A. The 12:00-21:00 trading window is critical for traders due to the various factors that can affect the market during this time.
Q. Why is Block Blockchain gaining so much popularity?
A. Block Blockchain is gaining popularity due to its innovative use of blockchain technology in the real estate industry.

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