Barron's: "The S&P 500 Could Avoid a Bear Market If Apple Stock Holds Up"

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Barron's: "The S&P 500 Could Avoid a Bear Market If Apple Stock Holds Up"

Excerpt from Barron’s quoting DataTrek’s Nick Colas:

…. “That means that if Apple stock stands its ground above $150, the S&P 500 has a chance to remain above bear market territory, as the other 93% of the index’s market value would have to drop more than 5% to bring the entire index down to 3,836. “If AAPL does eventually get caught up in a massive U.S./global equity downdraft, that will be one sign we are at truly investible lows,” wrote Nicholas Colas, co-founder of DataTrek“….

Full article here on Barron’s.