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Nasdaq Volatility Is New Gut Check for Bottom Feeders

  • ‘We’ll start to get potentially bigger swings’: LPL’s Gilbert
  • JPMorgan Chase sees a sharp rise in retail buy orders
The Nasdaq MarketSite in New York.

The Nasdaq MarketSite in New York.

Photographer: Michael Nagle/Bloomberg

Is it lion-like courage, or sheep to the slaughter? That’s the question for retail dip-buyers who keep hurling fresh cash at increasingly turbulent Nasdaq stocks.

Investors emboldened by a strategy that worked all of last year plowed more than $1 billion into tech in recent days, with nearly every other sector also getting deposits. JPMorgan Chase & Co. said it saw the strongest retail flows on record, with at-home traders adding $5.9 billion to equities in the week through Tuesday.