Today I want to step away from the currencies and look at the stock market of USA. It is wonderful, how we can see the future performance of the world economy, just by analyzing US stock market. But sometimes it is not really reflecting the real or future situation and just lives its life, just like it is supposed to. And today we can look at Apple. Just a month ago we were focused on Apple because of the presentation of the newest iPhone.
It seems that in the nearest future Apple is going to do just fine as the company ordered to pump up the output of the newest iPhone 11 – so big is the demand for the model. Of course the perspective to have increased profits because Apple finally learned their lessons and decreased the price for their production is a very amusing perspective that lures in a lot of traders now. The boost in the output is also going to add about 7 to 8 million iPhone 11 to the markets which means that they expect a very high demand for it. And as we know the better the demand is, the better the shares are going to do in the future. Which is exactly what we are counting on at this time filled with uncertainty.
Good Apple performance doesn’t really mean that the situation in the world markets is getting stable. It just means that we Apple’s inner decisions are bringing the conglomerate somewhere better.
For the rest of the assets be sure to use trading signals.