Apple

Apple stock: the more it sinks, the better

Apple stock: the more it sinks, the better

Yesterday I posed the question: Should investors dump Apple shares? (AAPL) – Get the Apple Inc. report. at $155 before this sale got any uglier? On the same day, the AAPL fell to around $150 in the early afternoon, suggesting that caution was the right way to play this hand in the very short term.

But this coin has two sides. Yes, Apple stock seems to be clearly in a downtrend, along with the rest of the market. Due to a combination of high inflation, rising rates, supply chain challenges and the Russian-Ukrainian conflict, the uptrend is nowhere to be found.