The Song Remains The Same.
The calendar may have flipped, but the song remains the same.
Last week was something of a microcosm of 2022; a steady downward grind for the most part, occasionally punctuated by a sharp spike. Last year these spikes all failed to trigger a true turnaround, always eventually fizzling out and leading to subsequent further new lows. It remains to be seen if that pattern will continue or benefit from the so-called “January Effect” (see EXPLAINER: FINANCIAL TERM OF THE WEEK, below).
Many of the market’s big dogs stumbled right out of the gate in 2023’s opening few sessions.
* Apple (AAPL) stock…
The skinny
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