About this episode
(9/11/23) Apple declined nearly 6% last week following news of China banning iPhone use by its government officials. But Apple's souring did not affect the overall NASDAQ, which has been driven of late by 7 main stocks; despite Apple's decline, the NASDAQ continued to rally on Thursday and Friday to finish at the 50-DMA. Apple tomorrow rolls out its new iPhone 15, new iPods and watches, which should be a big driver for the company. Note: the S&P 500 Equal Weight index, which eliminates the outsized effects of Apple and other mega-caps, has gone virtually nowhere this year. The performance of mid-cap and small-cap stocks has been even more dismal this year. For now, Mega-caps continue to drive the markets...but that could change. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=slpBNFB8Nm0&list=PLwNgo56zE4RA3snVQyugvOF5TwZ1Xu7bm&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Apple #iPhone #China #Megacap #MidCap #SmallCap #Markets #Money #Investing