Monday, 22 May 2017

Keep buying the dips

Stock markets experienced a turbulent period last week. The S&P 500 plunged 1.8 percent on Wednesday, and despite recovering on the following two days, ended the week down 0.4 percent.

Some analysts remain sanguine though.

Immediately after the tumble on Wednesday, Terry Simpson, multi-asset investment strategist at the BlackRock Investment Institute, told CNBC: “If we have mini-corrections like today, it could actually be a nice opportunity to put some capital to work.”

Similarly, Nick Colas, chief market strategist at Convergex, thinks that investors should continue to buy the dips in the stock market.

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