‘Anecdotally,’ Everyone Wants To Buy The Dip

‘Anecdotally,’ Everyone Wants To Buy The Dip

"Anecdotally, clients want to buy a pullback or deploy bullish expressions," Nomura's Charlie McElligott said Wednesday. That's the sophisticated version of retail investors buying the dip. When you have money, you're buying "pullbacks" and "deploying" capital via various upside "expressions." When you're typing "1" into the "shares" box to increase your SPY holdings from 10 to 11 ("Well, it's one louder, isn't it?") you're "buying the dip." This is the beauty of the post-financial crisis mone
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