Apple Rotation?

The bad fruit of the Mag7

First I saw this upgrade by BAML of the world’s favorite fruit. I initially dismissed it, because it’s so typical of Wall Street to just pump a mega-cap on a dip.

But then the headline caught my attention: “AI AI AI AI”

None talks about Apple when it comes to AI … yet.

And then I noticed the relative underperformance of AAPL vs the NDX : 10% underperformance just in a month. That’s a $3 trillion company we are talking about!

As a relative trade it looks pretty good. Don’t ask me about numbers / demand etc I dunno.

I also know that my $NDX short will be a bit painful if they manage to ramp the apple fruit by 10%, so good to have something on the other side for a brief moment <chuckles, I’m in danger, need to be smarter than that!>

Disclaimer:

This isn’t financial advice.

This is the trading blog of a shrub.

By now you should know: Don’t be Stupid.

Like, seriously … Don’t be stupid …