I'm Dear Joe Roboza and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Happy New Year's indeed. Good Friday morning and welcome to Tech Check. I'm Gerraboza with Julia Borson and Frank Hall. And today, the NASDAX in the red about to close out its worst year since 2008, but is a comeback ahead. We'll discuss where to buy the dip heading into the new year.

Plus, VR, the Metaverse, and AI are on the rise. We'll look at how you can capitalize on

big tech's top trends and later. It has certainly been a rough year for crypto. So is 2022 its finale,

or could there be opportunity ahead? But we will start with the markets on this last trading day of the year.

Historically, the year following a down year, tons of favor the worst performing sectors,

none more worse performing than tech in 2022.

So is a strong 23 ahead.

Let's bring in our Bob Pisani.

Bob, this all has to do with extraordinary events, right? And whether we think that

interest rate hikes 2023, that's going to be something extraordinary. Yeah, higher for longer,

the Russian invasion, the lingering effects of COVID. These are three extraordinary events that may

and likely will spill over into 2023. But here's something that's important.

Down years are fairly unusual. There's the NASDAQ. And of course, we're seeing big down years in the

NASDAQ, S&P 500. The only suspense is whether it's going to be down 20% or not. But again,

this is mostly due to what we're seeing in the growth areas of technology and communication services.

The important thing, and here's something that's very interesting, in down years, the

behavior of sectors in the following year is a little different than when you have up years.

And when you have an up year, the sectors that really tend to outperform tend to outperform in

the following year.

In other words, you let your winners ride. But when you have a down year, it's a little bit different. You, following down years,

the worst performing sectors from the prior year tend to outperform. So let's just quickly look at

this. The sectors that were the best performers this year, everybody knows it's energy, but it's

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