Apple zigs while Nasdaq zags, correlation turns negative
FROM THE WIRE · SEEKINGALPHA.COM
[Apple Store in China] Nikada/iStock Unreleased via Getty Images Apple’s (AAPL [https://seekingalpha.com/symbol/AAPL]) three-month correlation with the Nasdaq 100 has turned negative, reaching -0.12, for the first time on record. The Kobeissi Letter said the correlation had…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA negative correlation between Apple and the Nasdaq 100 is rare and can affect tech diversification strategies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Apple's three-month correlation with the Nasdaq 100 turned negative at -0.12, a first on record.
- 02The Kobeissi Letter said the correlation has stayed negative for two consecutive months.
- 03In June 2025 the same correlation stood at +0.90.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.347.10 USDMarket closedtoday +0.93%Neutral NASDAQ 10029,651.44Market closedtoday +1.29%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets