Liz Claman: Is this a lesson that buying the dip still works?

• Market volatility last week, including significant daily swings in the Dow, was largely driven by overdone fears about AI disrupting software.
• Buying the dip is still effective, supported by strong Q4 earnings where 80% of S&P 500 companies beat earnings and 56% guided higher for 2026.
• The market is broadening out beyond just technology and communication services, with increased investment in industrials, materials, and small caps.

Art Hogan discusses last week's market volatility, asserting that 'buying the dip' remains a viable strategy due to strong underlying fundamentals. He highlights that fears of AI disrupting software were overblown, leading to an oversold condition, and notes a positive earnings season with a broadening market beyond just tech into sectors like industrials and small caps.