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Here are the times when buy-the-dip works — and Wednesday fits the criteria

Need to Know Last Updated: April 26, 2023 at 8:01 a.m. ET First Published: April 26, 2023 at 6:38 a.m. ET Critical information for the U.S. trading day Wait wait, not that dip. Getty Images/iStockphoto The thirst to buy stocks tied to the artificial intelligence revolution has driven half the gains in the stock market
Financial Press

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here-are-the-times-when-buy-the-dip-works-—-and-wednesday-fits-the-criteria

Need to Know

Critical information for the U.S. trading day

Wait wait, not that dip.

Getty Images/iStockphoto

The thirst to buy stocks tied to the artificial intelligence revolution has driven half the gains in the stock market this year, a trend that looks set to continue Wednesday with OpenAI investor Microsoft flying higher in the premarket.

There’s another trend that might repeat itself. Analysts at Bespoke Investment Group studied buy-the-dip behavior and found an incredible pattern. Since 1993, when the SPY exchange-traded fund SPY tracking the S&P 500 SPX was created, owning that security the day after down days produces a…

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