Its a really big problem, and people care about this issue more than they care about probably any other issue. Its just the bottom line. Joe biden can barely talk when hes alone in a room. I say this repeatedly. Hes not Getting Better with age, hes not a wine, he cant go against trump. We start decoupling away from china, it may be painful, but we need to do it just like emission standards going up and up. Why shouldnt we have decoupling standards. The challenge for joe biden is hes behind. The challenge for donald trump is hes not ahead by enough to seal the election. Hes not above 50 in any one of the states and hes only outside the margin of error in three of the seven. Stuart this is an old song for us. I want to talk about me. The implication is i am some kind of narcissist. You cant avoid me. Its 11 00 eastern. Its wednesday, april 3. Straight to the markets and theyve all turned around. We opened lower across the board and up 80 on the dow and 90 on the nasdaq. Show me big tech.
Down, major averages higher. There is the rate picture today. 450 on the tenyear. Apple helping too. That stock having its best week since december of 2021. Results less bad than feared, and the announcement of a massive buyback the main catalyst there. It takes us to our talk of the tape. Is this the week that apple found its footing. Le i look at your notes today, you say, quote, it is hard to not be more bullish on apple here. Why so . Sure, so i think the risk ultimately coming into earnings was a fear of a guidedown. We got a guideup. So, we move past the june quarter guidedown and look at the developer conference upcoming, the iphone launch coming later in september, this is historically when an apple outperforms, yet we have seen the stock start the year as one of the biggest underperformance years in the last decade. There is a catchup trade, the risk is behind us, estimates seem derisked and there is a reason to be excited about the future. The revenue decline, the fifth time