Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week.
Amid concerns over the health of smaller lenders, they bought “unprecedented amounts” of too-big-to-fail banks, amounting to to nearly $1 billion of retail inflows to financials over the past five days. Vanda’s chart shows the last five day’s net purchases with financials standing out: For the week, the Dow fell 0.1%, the S&P 500 gained 1.4% and the Nasdaq Composite jumped 4.4%, according to Dow Jones Market Data,
Uncertainty about the Fed’s interest rate path has caused bond yields to be volatile in the past week, sending the ICE BofAML MOVE Index to its highest level since the 2008 financial crisis as of Wednesday. They noted that capitulation for investors in 2018 came in the fourth quarter, “when the equity market began to free fall after a prolonged range bound period amid mixed Fed commentary.” The S&P 500 index slid over 9% in December 2018 amid concerns over Fed tightening, an economic slowdown and U.S.-China trade tensions.
It looks like retail investors have a knack for finding bargains! Let's take a closer look at the stocks they picked up. BuyTheDip
Interesting! What an impressive display of confidence in the markets! Let's take a closer look at the stocks they picked up. BuyTheDip
It looks like retail investors are confident in the market - great to see! Let's take a look at which stocks they picked up.
Interesting! Can't wait to see how these stocks perform. BuyTheDip
Interesting to see which stocks retail investors are picking up during this volatile period!