Buy the dip; favor US utilities and consumer staples and discretionary: Matrix Asset Advisors CIO

David Katz, CIO of Matrix Asset Advisors, advises investors to buy market dips of 3-5% following strong runs. He favors U.S. utilities and identifies opportunities in consumer staples and discretionary stocks, despite their recent underperformance.

David Katz of Matrix Asset Advisors says it is normal for markets to take a breather after a strong run, suggesting investors buy the dips if the market pulls back 3-5%. He favors U.S. utilities and sees opportunities in consumer staples and discretionary stocks, despite their recent underperformance.