All of us are likely very familiar with the never-ending hunt trying to pick what stock will be the next Amazon, Tesla or Apple. But not nearly as many are familiar with trying to find which stock will be the next bad apple.
The old market adage says that stocks go up the escalator and down the elevator. This means that rises in equity prices tend to be slow and steady while drops tend to be swift and violent. Certainly, the price action witnessed in January will attest to that.
