Why investors may have missed the opportunity to buy the dip in stocks

• Market breadth is increasing, with industrials and financials performing well, while tech takes a 'healthy breather' due to high valuations.
• Recommendation to focus on 'quality at a reasonable price' or 'quality value,' including mid-cap stocks as a diversifier from tech.
• Economic data suggests a moderating economy, with slowing job openings and disinflation in housing, which could lead to lower bond yields and benefit fixed income.

The discussion centers on the current stock market rally, noting that investors may have missed the initial dip but highlighting increasing market breadth beyond just tech. The strategist recommends a 'quality value' approach, diversifying into areas like industrials, financials, and mid-cap stocks, while also seeing opportunities in high-quality bonds due to moderating inflation and a weakening labor market.