MarketThe Kobeissi LetterTue 27 Oct, 22:49:21

Apple–Nasdaq 100 correlation turns negative for first time on record

Summary

Written by Decryptr from the source

Kobeissi Letter says the 3-month correlation between Apple (AAPL) and the Nasdaq 100 fell to -0.12, negative for the first time since early 1980s data, despite AAPL gaining ~9.7% while Nasdaq 100 rose ~0.2%.

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The Kobeissi Letter, 3 hr ago.

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