
APPLE SPOILS MOMO CROWD’S PARTY, HOME BUILDER SENTIMENT CRASHES, INDUSTRIAL PRODUCTION PICKS UP
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Apple Spoils Momo Party Please click here for a chart S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: There is a report that Apple (AAPL) is cutting iPhone 14 production. AAPL has such a high weighting in indexes that the news is spoiling the momo crowd’s stock-buying party. The chart shows when AAPL news was released. As of this writing, the momo crowd is buying the dip in AAPL stock. Home builder sentiment has crashed. The National Association of