Buy the dip, wrote J.P. Morgan’s strategists aboriginal this past week. As calls to courageousness go, it wasn’t precisely Churchill during the Blitz.
The dip successful this lawsuit was a 2% decline, twelvemonth to date, successful the S&P 500, bringing its 10-year summation to 261%, not counting dividends. Also, galore of the biggest idiosyncratic dippers this twelvemonth person been thinly profitable highfliers, similar unreality subordinate Snowflake (ticker: SNOW), oregon assets that are backed by suspended disbelief, similar crypto.
But...