Premarket: Apple is red

From the Wall Street Journal’s “U.S. Stock Futures Slip to Start the Week” posted early Monday: apple premarket red 5-17-21

U.S. stock futures edged down Monday, signaling muted losses for major indexes at the opening bell after concerns about inflation whipsawed markets last week…

With earnings season drawing to a close, investors remain focused on whether a recent jump in inflation will blow over or become entrenched. A protracted spell of faster growth in consumer prices could prompt the Federal Reserve to tighten monetary policy, potentially hurting stocks and other assets that have gained from low interest rates.

Those concerns last week led the S&P 500 to post its biggest decline since late February, even after staging a rebound on Friday. Highflying tech stocks have been particularly vulnerable to worries about inflation: The Nasdaq Composite has fallen for four straight weeks, its longest losing streak since August 2019.

“We see this as transitory, but you never know: there is stuff in here that could take a bit longer,” said Lars Skovgaard Andersen, investment strategist at Danske Bank Wealth Management. “There will be some volatility in markets still.”

My take: Slow start to the week, slow start to to the year. Me, I’m halfway back from Cleveland. We’ll be on the Erie Canal Bike Trail near Syracuse for a stretch this morning, then headed home.

6 Comments

  1. Romeo A Esparrago Jr said:
    Wonder if Apple’s lossless audio format just press-released will improve AAPL share price today.

    Can’t wait for my ATV4K w/Dolby Atmos to arrive so I can hear how the new format gets output on my legacy HomePod speakers.

    5
    May 17, 2021
  2. Romeo A Esparrago Jr said:
    Safe biking/hiking on your travels home, Philip, returning back from Cleveland.

    5
    May 17, 2021
  3. David Emery said:
    I don’t think I can tell the difference between reasonably good lossy (AAC) and lossless, given the state of my playback systems and my ears.

    But it’s fun to see Amazon have to adapt to the Apple announcement. And Spotify’s case for the EU just took a hit; it’s clear Apple can force a change to the -competitive- market that’s good for consumers.

    2
    May 17, 2021
    • Bob Goldstein said:
      @David Emery I have been waiting for this for a long time and it is much more than I could have hoped for. I have a very hi-end system with 9 speakers and a subwoofer. Four of the speakers are in-ceiling for Dolby Atmos.
      I now pay $15 for the Apple Music family plan and $25 for the hi-rez Qobuz family streaming plan. My wife and daughter use Apple Music for convenience but my son and I use Qobuz for the hi-rez. My wife does love it when I play Qobuz on my system. She feels as though she is in a jazz club
      With today’s announcement, I will be dropping Qobuz when Apple Music is upgraded. I am especially excited about Atmos Music. If someone has the proper system it will be great

      2
      May 17, 2021
      • David Emery said:
        I think it’s a good thing in general, and in specific for those of you who appreciate the differences. I’m just not sure I’d notice. But then, I don’t use Apple streaming music, instead I stream my own extensive (and relatively tightly focused) ripped CD collection.

        That being said, I’d love to come over and hear the Telarc/Kunzel/Cincinnati Pops 1812 Overture and Saint-Saens Organ Symphony sometime. 🙂 (Those are the two CDs I’ve used to evaluate stereo systems. I know what black powder cannons should sound like, and the Kunzel recording uses those, instead of modern cannons, shotguns or other substitutes…)

        2
        May 17, 2021

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