As markets inch closer to past highs, you may feel like you “missed the boat” with stocks to buy. As uncertainty continues, however, you could still enter high-quality stocks at more attractive entry points. How so? By “buying the dip.”
Sure, the phrase “buy the dip” may be overused to describe today’s market, yet there’s a difference between buying a strong stock on a pullback, and buying a stock as it trends downward. For example, even as the novel coronavirus enters the rear-view mirror, many hard-hit names remain risky. I’m talking about industries such as airlines, casinos, and other sectors.
With U.S. households tightening their belts in case of continued tough times, a V-shaped recovery looks less likely. In short, Main Street reality could soon