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'Closer to the end' of selloff: BTIG strategist

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Buy the chip dip plays

The end—of the selloff in stocks—is nigh, BTIG Chief Strategist Dan Greenhaus said Friday.

"There has been a noticeable change from yesterday afternoon through this morning about how clients are approaching their 'buy' orders," he said. "It seems like the seriousness, the aggressiveness with which those 'buy' orders are being placed has picked up recently."

U.S. stocks traded mostly lower, with tech bearing the brunt of the selloff after a lowered sales outlook from Microchip Technology.

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