After my macro analysis of AAPL reaching all time highs, it seemed difficult to believe I was saying AAPL was a bubble, when it was trending to become the first trillion dollar company. Like all bubbles, I know people vastly misunderstand exponential growth, and why it's unsustainable. Short and sweet, last month AAPL was above 700$, and I noted that over the past 10 years or so, AAPL had an annual growth rate of roughly 35%. That number was staggering, and is highly unsustainable. And here we are...down over 20%, the largest correction since 2008.
Chart from 1 month ago:https://www.tradingview.com/v/bXuriqgD