Apple overshadowing Everything Else, it is passover, so i thought of how is this day different from any other day earnings season . It is also seasonally and apple appropriate. Let us look at the major averages that are hovering near the lows of the session. As investors await all the various events that scarlet was talking about, as it is bring break, we do see a drop in volume and this pause at the very least from the rally that we had last week that took other major averages as well and other individual groups to multimonth highs. If you look the s p 500, its sort of made a little bit of an attempt at a bounce an hour ago and did not quite go anywhere. It is still down one half of 1 . Take a look at the bloomberg for volume in the various groups of the s p 500. Overall volume is down 10 to 11 . Telecom is seeing a particular slot, financials as well. Consumer staples also seeing a decline in volume. Apple is on the list of drags. Theres a lot of questions about iphone demand going f
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