The team had our weekly internal strategy session this morning where we go over things we’re seeing in the markets. What’s moving? What’s not? Where is there hidden risk? What’s the market missing or not pricing in?
One of the things I brought up is: “Is anyone paying attention to this breakout in Apple?” I hadn’t seen or heard much chatter about it and it seems to me few are aware this is happening or thinking through the implications of what this might mean for the broader indexes.
The team did highlight the move in our recent Monthly Conference call, so it’s not happening in a vacuum. But it feels that outside our walls, few are paying attention. [Read more…]