You may remember this post yesterday, The Three Pillars. I compared Tech, Financials and Energy as well as AAPL using 3C and found that Tech looked the worst of the positive divergences and I suspected Financials would lead the bounce.
I also said I had a "Gut" feeling that AAPL would underperform the broad market and this would be part of a sign that we are standing on the edge of the cliff as AAPL is the ultimate market bellwether stock.
Thus far this morning, the SPX +1.02% , the Dow 30 +.86% , the Russell 2000 +1.58%, The NASDAQ 100 +1.11% and AAPL... .84%
So thus far, AAPL is lagging the broad market, which is strange as AAPL is the go to stock to lift the market!
Tech is up 1.02%, Financials 1.67% and Energy .78%. I thought Financials would lead the move.
It's too early to draw any conclusions, but it is an interesting start.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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