Is AAPL Attracting Flight to Safety "Capital?"
By
Mike Paulenoff
AAPL continues to act extremely strong. I continue to get the distinct impression that AAPL is becoming a flight to safety destination for scared capital. Usually, when capital is frightened, it heads for Treasuries, the US Dollar, and the big Cap indices, like SPX (SPY), and out of individual names.
Not so at this time. AAPL continues to act very buoyant despite weakness in the other FAANG names, and amid a ratcheting up of geopolitical (event) risk.
Why not have your money tucked away in a "bank" that holds $260 billion dollars in cash?
8 09 17 AAPL 4 hr GIF
8 09 17 AAPLvs. SPY ratio GIF