$AAPL Update


The classic 'buy the rumor, sell the news' setup just played out perfectly.
$AAPL pumped to an ATH of 317 during Monday's WWDC, only to aggressively sell off toward the 290 level.
The market wanted concrete timelines for the highly anticipated AI integration, and when it didn't get them, the premium quickly unwound.
Add today's hot CPI data (printing at 4.2%) which is currently dragging the entire tech sector down, and you have a massive momentum shift.
Despite the short-term panic over today's inflation print, from a macro standpoint, absolutely nothing has changed.
Apple's fundamentals remain completely untouched.
I am looking at this entire move strictly as a healthy, necessary structural reset before the next major leg up.
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