As Goes AAPL, So Goes The Wealth Of America’s 0.1%

(Before It's News)

Given this morning’s jubilant celebrations over the surge in household net worth – which as we noted earlier reflects the riuch getting richer (and implicitly the poor getting poorer) – we thought a quick look at who (or what) is responsible for this. It turns out that the correlation between AAPL and the stock market has never – ever – been higher.

h/t @ReaperCapital

In other words, as goes AAPL, so goes the wealth of America’s 0.1%…

Charts: Bloomberg

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