SPWO is trading at $33.96, up 3.01% from the September 10 close as a pre-market global equity rebound follows softer Brent and Treasury yields.
- Brent fell from $109.97 toward approximately $105.90 as Treasury yields eased, reducing pressure on international growth valuations.
- European shares rose, while Asian markets stayed weak ahead of the August CPI release; SPWO outperformed U.S. index futures.
- The move appears macro-driven, not tied to a specific holding, amid elevated inflation, higher yields, and geopolitical risk.