Given this morning's jubilant celebrations over the surge in household net worth - which as we noted earlier reflects the riuch getting richer (and implicitly the poor getting poorer) [2] - we thought a quick look at who (or what) is responsible for this. It turns out that the correlation between AAPL and the stock market has never - ever - been higher.
[3]
h/t @ReaperCapital
In other words, as goes AAPL, so goes the wealth of America's 0.1%...
Charts: Bloomberg
