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Than 10 down from its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple weeks ago it was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off something fundamentally changed. A big part of that i for the last year there has been a notion there was going to be an upgrade super cycle because of the ten Year Anniversary of the iphone last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most faithful customers, they raised prices on iphones and therefore the average selling prices on the phones they sold last quarter were much, much higher year over year thats fantastic for the company. Meant good margins the concern is they missed by 3 million units. The channel inventory is at its highest
Officially speakering a correction, more than 10 down from its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple of weeks ago. It was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off something fundamentally changed. For the last year there has been a notion there was going to be an upgrade super cycle because of the iphone x. Last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most fateful customers. They raised prices, thereof sanch selling prices were much higher year over year. That is thats fantastic for the company. Meant good margins the concern is they missed by 3 million units. The channel inventory is at its highers, at 4 million. People think they are going to miss the nex
Isolation deepens. The white house says qatar should do more to tackle terror. Strengtheningmies , factory prices rising, so where is the inflation . Getting back to one of our top treasuries somehow chinese officials are getting back into the treasury market after the last couple of months. The previous eight months, they have reduced treasury holdings. Lets have a look at what is been going on since 2010, the buying program when it comes to the treasury market, and looking at this chart 9172. There we go. We have this move back up. Well, it has driven those yields further down when it comes to the u. S. Market, so sustaining the rally for the time being. Haidi thats right. Is that going to drive that you lower . We had that 10 year the lowest since just before the u. S. Elections last year, so we will talk about that a little bit more, a briefer spite when it comes to chinas buying interest. The other data point is this check of the australian economy, First Quarter gdp numbers at th
Attack add elderly woman with a hammer killed her nbc bay area peggy bunker is live in front of the home and you talked to a neighbor who ran into the woman and she was holding the hammer. Yeah it is a wild and horrible story all at the same time in the quiet neighborhood. Richard freeman says he lived 70 years his entire life. The night of the murder he found the alleged suspect in his backyard naked holding what he believed to be the murder weapon. Take a look here this is the mugshot released by the Sheriffs Department. She say Suzanne Fernandez is the suspect here. Arrested on saturday morning. She is 39 years old, a resident of los gatos. The Santa Clara County Sheriffs Department arrested her on suspicion of killing the woman a longterm resident who lived alone in the house. Freeman says he found fernandez and naked and holding a hammer in the backyard the night of the murder. He says she yelled at him asking if he found jesus. Did you hear me jesus i said go put clothes back on.