JPMorgan Trading Desk Says Buy the Dip in Stocks

The longest slide in US stocks since August has created an opportunity for dip buyers, according to two of Wall Street’s biggest trading desks.

Worries over everything from the durability of the artificial intelligence trade to the Federal Reserve’s monetary policy path have contributed to a four-day selloff that shaved 3.4% from the S&P 500 Index through Tuesday’s close. To Andrew Tyler, head of global market intelligence at JPMorgan Chase & Co., that decline represents a “technical washout” in equities that may have already ended.