Apple's Stock Reaction to Earnings Shows Sentiment Has Changed

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Last quarter APPL and the rest of FANG reported earnings and pushed higher even after running up into the announcements.

The price runups were overdone, at least in my opinion, but we were in full bull market so it didn't matter.

The Tide Had Turned

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Apple reported earnings Thursday after the bell and the stock opened lower and proceeded lower the rest of the day.

I could get into the details of the numbers but the reality is they weren't very disappointing nor very exciting. That is the point. "Regular" numbers would have sent the stock higher during the mania of the summer market.

Clearly that sentiment has changed, maybe it is cus the election is near or maybe, just maybe people are finally realizing how disconnected the market is to the econony.

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You know, it's funny you brought up that last line there. People are seeing the disconnect between Main St. and Wall St. It's been there a while, too! It's just that now people are realizing it.

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Apple should rebound shortly.
It might take a while in term of
quarterly earnings but it is wait and see right now.

!BEER

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