Tom Lee Cheers On 'Buy The Dip' Crowd As Retail Investors Pour $4.1 Billion Into Stocks: Tesla, Palantir Lead Inflows
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Retail investors invested $4.1 billion in stocks during a market selloff, with Tesla and Palantir leading inflows, according to JPMorgan. Tom Lee of Fundstrat praised the 'buy the dip' strategy. This surge followed Moody's downgrade of the U.S. credit rating, which now aligns with Fitch and S&P. Despite market declines, analysts believe the downgrade's long-term impact will be limited. Tesla attracted $675 million and Palantir $439 million in retail purchases, with single stocks making up $2.5 billion of the total.
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