Apple Is Sinking, and a Weaker Dollar May Be the Savior It Needs!– OnMyWay Mobile App User News

Apple Is Sinking, and a Weaker Dollar May Be the Savior It Needs

Apple Inc. just suffered its worst week since last February and is down again Monday. What can reverse this trend? If history is any guide, look for a weaker dollar.

The tech giant hit a $3 trillion market capitalization on Jan. 3. Since then, the stock has lost 13%, while the S&P 500 has lost 11% with mega-cap tech shares taking a beating. The correlation isn’t new. Each time Apple’s market value has hit a trillion-dollar milestone, the broad market gauge has entered a technical correction. And a dollar slump has been the key to turning it around.

When Apple first reached a market cap of $1 trillion in August 2018, it sparked a 20% technical correction in the S&P 500. It happened again two years later, as it breached the $2 trillion milestone and then helped fuel the tech wreck of 2020. Obviously, other factors have played a role, like Federal Reserve decisions and macro economic developments. But there is no mistaking Apple’s role as a stock-market bellwether.

What’s notable is in each instance the S&P turned around when the dollar started to weaken — and big tech led the way higher. Today’s Chart of the Day shows that pattern in the technical corrections of the last three years. It happened at the end of 2018, setting up a rally for the start of 2019. It was there again in 2020, when the dollar’s peak that March coincided with the equities bear-market bottom.

The logic isn’t complicated. In times of crisis or global uncertainty, major U.S. assets tend to be considered havens for international buyers. To stock-market investors, that means big tech. But the demand for safety can make the assets overvalued, which is why dollar weakness serves as a key gauge for foreign investors. Tech has driven growth during much of the post-pandemic era, thanks to flows from abroad. And in turn, it’s created an inverse correlation between the dollar and U.S. equities.

The correlation between the Bloomberg Dollar Index and Apple shares, as a proxy for big tech shares, is a mere 0.2. That may not be statistically significant, but note that during the bottoms of the last two corrections, the inverse correlation between the two assets was 0.18. The correlation isn’t stronger is because it has typically been preceded by dollar strength — this time, attributed to hawkish Fed policy. Therefore, the more recent moves don’t hold as much weight.

The point being, keep an eye on the dollar. As it weakens and gives foreign investors more incentive, the S&P 500 is likely to reverse the selling that has thus far marked 2022. And history says big tech, including Apple, will play a significant role in that.


OnMyWay Is The #1 Distracted Driving Mobile App In The Nation!

OnMyWay, based in Charleston, SC, The Only Mobile App That Pays its Users Not to Text and Drive.

The #1 cause of death among young adults ages 16-27 is Car Accidents, with the majority related to Distracted Driving.

OnMyWay’s mission is to reverse this epidemic through positive rewards. Users get paid for every mile they do not text and drive and can refer their friends to get compensated for them as well.

The money earned can then be used for Cash Cards, Gift Cards, Travel Deals and Much, Much More….

The company also makes it a point to let users know that OnMyWay does NOT sell users data and only tracks them for purposes of providing a better experience while using the app.

The OnMyWay app is free to download and is currently available on both the App Store for iPhones and Google Play for Android @ OnMyWay; Drive Safe, Get Paid.

Download App Now –

Sponsors and advertisers can contact the company directly through their website @


OnMyWay is the Only Texting and Driving Solution That Pays
Trusted and ❤ By Millions of OnMyWay Mobile App Users