US stock market is tanking, but some experts say it's time to buy the dip
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It's been an abysmal year for the U.S. stock market, but some experts say that it's the perfect time to for investors to buy the dip.
In an analyst note obtained by FOX Business, Wells Fargo analysts said the market has likely dropped enough to account for what comes next in the economy and that the worst has surfaced already, making it an opportune time to buy.
"Seek to take advantage of this correction and any further downside that may occur by incrementally putting cash to work," the analysts, led by senior global market strategist Scott Wren, wrote.
While Wren said he is uncertain whether stocks have found an ultimate bottom, he believes the price moves over the past six months have been in anticipation of what is likely to occur.