The Last Safe Haven Reports: Everything You Need To Know Ahead Of Apple Earnings

For most of October, Apple was the only megacap tech stock that didn't need an AI story.

While semis were puking and the Nasdaq 100 slid into its third correction of the year, Apple quietly reclaimed the title of world's most valuable company on Friday, and its correlation to the Nasdaq 100 turned negative for the first time ever. As our friends at The Market Ear put it on Oct 19, "Apple is doing something it has never done before." Here is what that looks like, courtesy of Bloomberg: