It's the fate of top stocks. With important events such as the recent Trump inauguration and FOMC ahead, it's somewhat unavoidable that after reaching the peak to avoid the risk of a plunge in US stocks, profit-taking sells from institutions to individuals will occur.
There was a drop from 140 to 118 right after last June's best earnings, which I think was for the same reason.
It's obvious that there is no concern at all about the future performance outlook, so we will consistently buy on dips.
It would be great if it could dip to around 128, but this time, won't it rebound in a few days without dropping that much?
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