Atlantic Power Corporation T.AT

Primary Symbol: T.ATP

Utilities Utilities - Independent Power Producers

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast

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Atlantic Power Corporation > Officially a bear market

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Comment by Torontojayon Jun 13, 2022 8:21pm

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Post# 34753788

RE:Officially a bear market

Torontojay wrote:
The S&P 500 is officially in a bear market given its 20% drop from the peak closing price to its trough closing price. It had dropped below 20% on May 20 reaching a low of 3810 but it managed to close that day higher.

The Nasdaq which is more tech heavy has already been in a bear market for some time now. Historically speaking, about half of the bear markets have become recessions.

The producer price index rose 11% in April which is a leading indicator for what's expected to come on the consumer price index and consequently inflation numbers. We may not have reached peak inflation yet so we can probably expect more uncertainty in the markets until inflation has peaked.

This is my opinion of course.