dimzy
2023-01-04

$Apple(AAPL)$  Anybody who believes when the new year starts institutional investors are gonna jump back in to all the heavy hitters like Apple, Google and Amazon, you are gonna be disappointed. Those companies are all going to be guiding earnings lower, more layoffs and announce Cap Ex spending cuts. The FED won’t stop raising rates until unemployment is 5% and wage growth slows. That’s the reality of it. If you bought higher than the price is now, start averaging down on big down days. Your cost average will be lower and when the recovery inevitably comes, Everything will work out. If you are not in now, wait for a confirmed uptrend rather than trying to guess a bottom. The economy is like an ocean liner and can’t make an abrupt U turn. It will take time. That’s my take on it. Happy New year and good luck to all

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