Wall Street is starkly divided over buying the dip as the US stock market is on track for its worst January since 2009.
Buying the dip, or adding shares during downturns, has proven a lucrative strategy since the start of the pandemic. Markets have rebounded higher and faster as monetary and fiscal policy kept borrowing rates near zero and flooded the economy with money.
But as the Federal Reserve moves to clamp down on high inflation, investors sharply disagree over how well markets will bounce back this time.
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