Premarket: Apple is red

apple premarket red 4-25-22From the Wall Street Journal’s "U.S. Stock Futures, Chinese Stocks Fall" posted early Monday:

U.S. stock futures fell, oil prices declined and Chinese stocks suffered their worst selloff in more than two years as Beijing sticks to its zero-Covid strategy while faced with increasing cases in major cities...

Investors are worried that strict policies China has in place to combat Covid-19 will further disrupt global supply chains. Continued disruptions to manufacturing and the movement of goods since the start of the pandemic have contributed to U.S. inflation reaching a four-decade high. New lockdowns in China and Russia’s war against Ukraine are likely to add to price increases...

“The problem with inflation is it can get embedded and we see inflation getting quite sticky,” said Sebastian Mackay, a multiasset fund manager at Invesco. “What we’re seeing is a combination of the war in Ukraine and the lockdown in China causing supply issues.”

Charts: Yahoo!Finance sees a bearish commodity channel index pattern. Max pain has jumped to $172.50 from $167.50 with a call mountain at $175 and an even taller put peak at $165.

apple premarket red 4-25-22


  1. Robert Paul Leitao said:
    At present, the equity markets lack a catalyst as investors move money out due to rampant inflation, war concerns and potential supply constraints because of challenges in China. Overall, equities are being rerated as opportunity costs rise and economic growth rates diminish in the post-pandemic period. In my research this weekend, I was a bit surprised at the number of equities now trading at or near pre-pandemic levels.

    April 25, 2022
  2. John Konopka said:
    Apple closed up $1.09 at the end of the day. MS was up quite a bit. Whispers about upcoming results?

    April 25, 2022

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