Analysis-Buying the dip? Not so fast, some Wall St banks say

Published by
Reuters

By Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Scooping up stocks after pullbacks has been a winning bet for investors over the past decade but some Wall Street strategists are pointing to a multitude of risks that could come with jumping into equities after their latest tumble. The S&P 500 has notched 25 total pullbacks of at least 5% since the start of 2012, according to Ryan Detrick, chief market strategist at LPL Financial. Over that time, the index has gained more than 240%, bolstering the case for investors willing to step in during episodes of weakness. Dip buying has already …

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