AAPL shot higher again today taking the over all stock market with it. As well as taking out any shorts in its path. Let's look at some potential catalyst for the market. There is now only a 12% probability of rate hike next week the Fed. This comes after the ECB and the Bank of England stand down and punt over to Yellen. However, with a major election cycle coming up how likely is it that the Fed will make any move that could shake markets up. The tight rope central bankers around the world are walking on becomes thinner each day...
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Mark Hoffman
September 19, 2016I am surprised you do not think the surge in Apple is connected to Samsung's woes. 52% of Apple sales are the phone. The number one competitor block to growth has been Samsung. Samsung rushed their technically superior Note 7 to market and in the process missed a manufacturing process breakdown that created the exploding battery problem. As soon as the Consumer Product Safety Commission issued the mandatory recall Apple's stock price took off. There just might be a connection, you think?