Apple zigged Monday while the market zagged.
Two drivers that I can see:
- This morning’s Bloomberg item promising four 5G iPhones, tags and a new, cheaper HomePod this fall
- This afternoon’s report from China Taiwan Economic Daily, via AppleInsider, that Apple has stepped up its orders for A-series processors
After the close, a “signs-of-improvement” note from Evercore’s Amit Daryanani crossed my desk (more on that later).