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Afternoon Note

Not That Bad

By Charles Payne, CEO & Principal Analyst
1/25/2023 1:01 PM

Today’s session is not as bad as I thought it would be at the open.  The resolve is important, even if the experts say individual investors should just toss in the towel.

To be sure, all the sectors are down except Financials – which are becoming much more compelling.

All eyes are on Telsa (TSLA) after the close.  The stock has a history of extreme reactions, even though it has a great track record of beating the street.

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Tesla’s influence isn’t what it was, as other mega caps’ divergence six months ago, but it would be a good thing for the broad market if Elon Musk can deliver (no pun intended).

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