In less than a week—from early Wednesday to late Monday—Apple’s market value fell by $156 billion.
My take: Buying opportunity? Falling knife? Dead cat bounce? In the middle of this trade war, with these two negotiators, there’s no way to tell.
7 months agoApple got crushed, hit $187.30 in after-hours trading
4 Comments
Leave a Reply
You must be logged in to post a comment.
Panic selling ensued in the after hours session over reports of China’s devaluation of the yen, which earned China the label of “currency manipulator” by the Trump administration. The prospects of a currency war coupled with a trade war sent futures reeling.
Overnight, China took steps to stabilize its currency turning futures green before the open.
Volatility is the new normal and is unhealthy for the stock market.
Today AAPL and the market are up a tad because China continues to support/stabilize their currency. Why is that so surprising? The new Trump Tariffs aren’t scheduled to start until September, so why would China’s threatened response happen right away?
Clearly, thinking is more and more of a lost art to many of today’s investors. But we knew that.
“Clearly, thinking is more and more of a lost art to many of today’s investors.“
Traders… not investors.
@ Aaron:
Point taken.