Apple’s trade-war discount extended for another week

If you bet against Trump’s bluster last week and lost, you’ve got another chance this week.

From Apple 3.0: Options trader: Get Apple Stock at a Trade-War Discount

Considering that many of the suppliers to Apple are Chinese based, some of this [trade-war] fear is likely justified. If the recent tariff history is any guide, however, the bluster out of the Trump administration rarely matches the ultimate reality. I think the recent selling in AAPL stock is overdone. Apple is going to find its footing near current levels as it quickly approaches oversold conditions. — Delta Derivatives’ Tim Biggam via Yahoo Finance, June 20, 2018

My take: In the 30-day Apple price chart above, the step down on June 8 followed a Nikkei Asian Review iPhone supply-cut rumor (see Here we go again). Tariff and trade-war talk, as near as I can tell, did the rest.

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