The SVB disaster has brought the global market down. It is a crash that is affecting almost every single stock. What I find interesting is that TD bank is down a full two percent while AQN (Algonquin Power) is down only about half of that. ENB (Enbridge) is down more than double what the TD Bank is down.
TD and ENB are stocks that everyone loves. AQN is out of favour. Yet, it is AQN that is showing some resistance to crashing in value in lock-step with the market. This tells me that AQN has reached a floor and is no longer in anything near the free-fall it suffered recently.
If one is holding AQN, this might not be a bad position today. Sadly, many of us lost a lot of money to reach this "good" position. Selling today might offer only another downside event; we would be locking in our losses.
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