barrons.com/amp/articles/buy-value-stocks-etfs-51642205510
The dip in this case was a 2% decline, year to date, in the S&P 500, bringing its 10-year gain to 261%, not counting dividends. Many of the biggest individual dippers this year have been thinly profitable highfliers, like cloud player Snowflake.

Many of the biggest individual dippers this year have been thinly profitable highfliers, like cloud player Snowflake (ticker: SNOW), or assets that are backed by suspended disbelief, like crypto. I take J.P. Morgan’s broader point, which is that an expected rise in interest rates needn’t derail stocks.

There's growing agreement that some of that added inflation will stick, and action is needed. But the starting point for rates is so sharply negative after adjusting for inflation that raising rates might not be so bad for stocks. J.P. Morgan compares now with late 2018, when rate increases sparked a stock selloff.

This year, the bank predicts, will be characterized by the end of the pandemic and a full global recovery. The Invesco S&P 500 Pure Value exchange-traded fund (RPV) is up 7% this year. Rather than buy the bob, or waffle, or whatever the market term is for a not-quite dip, consider buying something that’s rising.
Tap to copy the Short Url to this post:
bto.sh/c35wjijh 
All Business News on a Single Page. Join for Free →