Analysis: The post-rate-hike U.S. stock selloff is an overreaction and a buying opportunity on dips

Odaily News: Bob Edwards, Chief Investment Officer of Edwards Asset Management, said that now that the Federal Reserve's rate hike has landed, the stock market can move forward. He stated: "The Fed has given the market enough certainty, and stocks can resume their rally against the backdrop of a persistent 'wall of worry.' The post-Fed-meeting stock decline is an overreaction and represents an opportunity worth buying on dips. When stock prices fall but corporate prospects have not deteriorated to a corresponding degree, this is typically a classic buy signal. We are currently encouraging clients to increase equity allocations, with a focus on valuation, revenue growth, balance sheet condition, and sustainable cash flow." (CLS)