February equities round-up: Volatility spiking
After a strong start to the month, it was a tough second half of February for global equity markets in general and battery materials equities in particular. The S&P Global 1200 Index gave up 8% with the Materials sub-index only performing slightly worse, down 9%. One of the reasons for this was a big sell-down of growth stocks vs value stocks. A number of sectors that had done well over the past 6 months, such as Hydrogen and Renewables, experienced a significant sell-off. The Solactive Battery Value Chain index also gave up 8% but its related ETF only gave up...