Morning Note | Dec 29, 2022

Good Morning!  

Markets are up nicely this morning with markets up 1% to 1.5% as MegaCap Tech rebounded.  Apple, Amazon, and Google are up at least 2% higher, and Tesla was up almost 7% on a reiterated buy rating.  Continuing jobless claims increased to the highest level since February.

The worst performers in the Nasdaq 100 this year are:

• Tesla:  -69%

• Meta:  -65%

• Nvidia:  -53%

• Netflix:  -52%

• Amazon:  -50%

• Google:  -39%

I nibbled on some Tesla for fun yesterday though at this point it is like trying to catch a falling knife.  I bought a whole 16 shares (I know, big money!).  I wanted to establish a foothold position.  I also purchased a few shares of Apple and Amazon (my second purchases of each in the last week).  Both of those were also small in size.