No. of Recommendations: 5
I don't pretend to have a good answer, but buying "quality" in a downturn only works if you are pretty close to the bottom. Fortunately, that is more often than not the case.

As i recall something like 90% or more of stocks are held by mutual funds and index funds. If and when downturns continue, fear increases and fund redemptions pile up. These entities that are holding 90% plus of AYX, WIX, TWLO, etc. sell indiscriminately and don't care a wit about anyone's opinion about "quality." The downward pressure is too much.
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