Buy the Dip

If the stock market had a mantra, it would be “buy the dip.”
Today, millions of market participants repeated this over and over again.
Today, the S&P 500 was down nearly 2% at its low point, but it stormed a late comeback to finish positive. This sort of move has happened on 121 other occasions since 1970, or 1% of all days. But what’s more interesting than how often they happen is where they happen…

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