46 days ago • Posted by Paul de La Baume
#Stocks: “buy the dip” market & what it says for 2023 returns #trading $SPY $QQQ #forex
2023 is so far the 5th best return of 'buy the dip' in the S&P 500 since 1950. Full year gains are incredibly strong in the other 4 instances. History will unlikely repeat but it's still good to know for perspective. Ps. Buy the dip is usually referred to investors buying market pullbacks, usually intraday or within few days. S&P 500: 17% in 1983, 30% in 2013, 29% in 2019, 16% in 2022. Average = 23%. Win Rate: 100%.
