Apple's -8% Day on Wall Street, Market’s Fear Gauge Reaches Decade High, Thoughts on AAPL Valuation
Today's Above Avalon daily update includes the following stories:
Apple's -8% Day on Wall Street
Market’s Fear Gauge Reaches Decade High
Thoughts on AAPL Valuation
We kick off today’s update with my thoughts on Apple shares having their largest daily price decline in six years. The discussion then turns to the significant amount of fear and anxiety that has materialized in asset markets and how best to measure surprises / shocks to the system. We conclude with a look at AAPL valuation. Instead of just looking at forward valuation metrics, I also back into what kind of results are currently priced into Apple shares.
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