The China Crash and Apple All-Time Highs

Before I get started…

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Compete to win $5000 in crypto while raising awareness for and promoting diversity throughout the financial sector. Proceeds from this event will go to Wall Street Bound.

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Yesterday Apple hit all-time highs and a $2.6 trillion market cap. Long live Apple. I love my iPhone and my Macbook and my airpods and my new desktop machine (probably my favorite Apple product ever).

Over in China, Alibaba nearly touched $1 trillion before Xi said enough is enough with Jack Ma and big tech. Alibaba has now lost $500 billion in market value.

I am not sure anymore what the largest company in China is, but the clamp down on technology companies by Xi is frightening.

Apple has had some 50-60 percent pullbacks I think in the last 20 years, but I am grateful for American markets.