Implode-o-Meter News - So Goes Apple, So Goes The U.S. Market

There are those who are focused so intently on the recent strength of the domestic economy that they are unable to see the forest for the trees. For example, oil prices do not lose 25% in value in a matter of weeks when global demand is strong. Not ever. Nor is this merely a case of excess supply.
In truth, the world's economy has been slowing to a crawl. The German economy contracted in the third quarter. Meanwhile, China is dealing with a massive debt bubble and a trade war. (Note: China is the world's largest importer of oil.)
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A diversified investor with a helping of large-cap stocks, small-cap stocks, foreign stocks, commodities, bonds, preferreds and/or other income producers had been relying on the influence of mega-caps like Facebook, Amazon and Apple. Bearish price depreciation in one or two of them might have been tolerable. Not all three.

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So Goes Apple, So Goes The U.S. Market