The More It Drops, The More I Buy
Algonquin Power & Utilities (AQN) Seeking Alpha·2024-01-19 20:05
z1b The recent rise of the 10-year Treasury yield above 4% and the concurrent sell-off in utilities (XLU), banks (KRE), and precious metals (GLD)(SLV)(GDX) stem from a blend of hawkish comments from Federal Reserve officials and robust economic data that indicates that inflation may be proving more sticky than previously expected. As a result, many quality dividend stocks in these sectors are now on sale. We are taking advantage of this by purchasing more of these stocks as prices continue to drop. In this ...