Antihype on money: Apple Fails to Stick to Plan
Main page Opinion, Apple, China, Stocks

This article is brought to you by a Russian Telegram channel "Antihype on money," an analytical channel about all economic hype trends and their triggers.

What happened: Apple stocks are losing more than 3% at pre-bids in the U.S. after the company reported that it will not be able to fit even the lower limit of its own revenue forecast, announced three weeks ago. This message plunged the markets with new force into concern on the impact of coronavirus on the economy as a whole — far beyond the company's borders. As a result, global markets have returned to decline, and the demand for security papers has grown up.

Antihype on money: Apple Fails to Stick to Plan

What really happened: The market’s reaction to reports from Apple is largely explained by the fact that stocks reached historic highs in previous days. Record capitalization levels make the market vulnerable, and investors can use almost any more or less significant reason to take profits. Incentives from governments and central banks can quickly return the market to grow, as it has done more than once in the previous few weeks. Easy money can quickly return investors to the markets.

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