The S&P 500 swooned briefly this week, falling around 2.5% on July 19, before recovering through Friday.
During that brief time, scores of retail investors trained by the mantra “buy the dip” did just that.
So what happened? DataTrek’s Nicholas Colas hypothesized that the retail investor behavior we’ve seen play out over the past 18 months likely recurred.
Searches for “Dow Jones” spiked during Monday’s market dip, Colas pointed out, and a note from Goldman Sachs indicated…
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