Apple, Tesla stocks start off new year at 52-week lows

Shares of Apple and Tesla are both trading lower on the first trading day of 2023.

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JARED BLIKRE: Apple, first of all, facing a year of declines. Its all-time high was actually one year ago. It was the first trading day of 2022. It reached a peak market cap of $3 trillion. Guess what? Now, it is $2 trillion.

So it has joined Amazon in joining the $1 trillion club. That is losses. $1 trillion in market cap losses. Amazon also in that boat. Apple is still the most valuable stock in the world.

But you take a look at Tesla as well. Tesla facing another serious decline. No word on whether this has anything to do with selling by Elon Musk. But it probably has a lot more to do with that deliveries myth.

So all in all, when you take the two biggest bellwether stocks in the world-- Apple and Tesla-- both facing huge losses on day one of a new year, that is a significant signal. Because January-- it's supposed to be, as January goes, so goes the year.

So day one, supposed to be bullish. We'll see how the rest of the week and the rest of the month pans out. But so far, a little bit of cold water being poured on the new year here for investors.