Here's What Apple Tells Us About the Broader Stock Market
Apple stock has been a bellwether for consumer sentiment, and shares have had a tough week. A deeper sell-off could be the last straw for retail traders.
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Apple stock has been a bellwether for consumer sentiment, and shares have had a tough week. A deeper sell-off could be the last straw for retail traders.
Central banks around the world are racing to keep up with the rapidly appreciating dollar and hawkish US policymakers bent on reining in inflation.
The outlook for the UK economy is under the microscope amid a new tax plan and inflation, and the sterling tumbled to a record-low against the dollar.
The worst bond market decline since 1949 will rattle stocks as surging interest rates unwind the most crowded stock trades, BofA wrote in a research note.
One firm still expects a 17% stock rally before a recession hits in 2023, even as the Fed hammers stocks with its interest rate hikes.