FOMO check: Everyone's saying "Apple hit a record, it's going higher." The stock is up 5.2% this week at $356.27.
→ 519 record closes since 2005; the median return three months later is +3.0%, vs. +7.4% after ordinary days
→ In 45% of the three-month windows after a record, Apple saw a 10%+ pullback
I think a record alone doesn't mean "it's going higher"; money is hiding in Apple while Nvidia sells off. Worst case: if the tech selloff spreads to Apple, a median 9% pullback takes the stock to $324; that's the level I'm watching.
#Stocks #Apple
Watching: $AAPL $QQQ $NVDA
→ 519 record closes since 2005; the median return three months later is +3.0%, vs. +7.4% after ordinary days
→ In 45% of the three-month windows after a record, Apple saw a 10%+ pullback
I think a record alone doesn't mean "it's going higher"; money is hiding in Apple while Nvidia sells off. Worst case: if the tech selloff spreads to Apple, a median 9% pullback takes the stock to $324; that's the level I'm watching.
#Stocks #Apple
Watching: $AAPL $QQQ $NVDA
