Investors should avoid putting more capital into crowded passive strategies and consider our “See Through The Dip” stocks. : Since mid-April, I’ve identified several companies with strong underlying core earnings and valuations implying profits would never recover from COVID-induced lows. This “See Through the Dip” thesis acknowledges that most of these firms’ profits will decline in the short term, however, their strong balance sheets and industry leading profitability before COVID will enable them not just to survive the economic downturn, but also thrive in a recovery. Investors should avoid putting more capital into crowded passive strategies and consider my “See Through The Dip” stocks.