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Open original source ↗The Nasdaq 100 fell 1.3% Thursday. Apple went UP 1.1%.
That's the SUCKENING. When everyone sucks, apple BLOWS
✅ SpaceX is reportedly lining up a $40 billion debt raise. Its stock fell 4% Thursday.
😇 Well, duh. Duh. That was all over their balance sheet.
➡️ Every dollar that goes into a new bond, a new raise or a new IPO is a dollar that is NOT buying the dip in the stocks you already own.
➡️ SpaceX, Broadcom, Meta, Google. Great companies. They're also giant vacuum cleaners right now.
😇 SpaceX is one of the suckers. And that's not supposed to be a bad thing.
➡️ Then there's the one giant that isn't asking anybody for a dime.
😇 As usual, when the suckening is going on, Apple goes up when the others go down.
✅ Apple closed at $340.42 while the Nasdaq sold off.
➡️ It has held my $332 line the whole way.
➡️ Next up at the vacuum: Anthropic's IPO and OpenAI's $30 billion round.
🚨 The risk: Apple is the safe seat, not the fast one. If we get an Iran deal and the AI names rip, Apple lags - i'm bullish either way.