Buy the Dip? What Dip?Market Commentary |
Beyond the double-digit gains in stocks this year and all of the all-time highs (29 for the S&P 500 Index already this year), perhaps the biggest story for the S&P 500 in 2017 is the absence of pullbacks. Whether you look at the number of trading days since the S&P 500 pulled back 5% (279 days), or just 3% (187 days), it has been an unusually calm and steady advance. Here we discuss the lack of pullbacks, what could cause the next one, and how technical analysis could help us decide whether to buy the dip.
Burt White Chief Investment Officer, LPL Financial
Jeffrey Buchbinder, CFA Market Strategist, LPL Financial