2022 has come to an finish with a collective “Thank Goodness!” There’s simply no sugarcoating it; 2022 was a brutal yr for many who have been lengthy shares. This was significantly true for many who caught with know-how shares, with the tech-heavy NASDAQ falling 33% for the yr.
The carving up of tech-related firms reminded lots of the dotcom bubble that began in March 2000 and led to October 2002. It isn’t that the NASDAQ tanked prefer it did again in that early 2000s timeframe, however we noticed MANY tech shares fall 50-90% from their respective highs. And the poster youngster that was carved up by 2/3 in simply the previous three months – Tesla (TSLA) – has misplaced near 70% of its worth since its November 2021 excessive.
The excellent news? 2022 is OVER! Which brings me to what would possibly come subsequent as we get able to enter 2023.
I convey this up as EarningsBeats, along with StockCharts.com, will likely be conducting a well timed and critically necessary occasion on Saturday, January 7: “Market Imaginative and prescient 2023” Throughout this occasion, our Chief Market Strategist Tom Bowley will likely be joined by StockCharts.com specialists as they focus on find out how to distinguish between bull and bear markets, the secrets and techniques that drive market efficiency and the place fairness markets are heading in 2023, together with which sectors and trade teams are prone to paved the way. You’ll be able to be taught extra about this FREE occasion and save your seat by clicking right here. You DON’t wish to miss it! And be sure you scroll down and click on on the “The Highway Forward: Navigating an Unsure Market” web page to see Tom’s monitor file, which has been superior.
One factor I’ve realized in my 35 years of buying and selling is you may’t do something in regards to the previous. As soon as a commerce is within the books, it is within the books. However you may take the data you have realized from every commerce and apply that to future trades for constructive outcomes. On that notice, here is to a extremely affluent 2023, for every one!
At your service,
John Hopkins
EarningsBeats.com
