As AAPL Goes, the Market Goes

Magnificent 7 Continued

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BraVoCycles Newsletter
July 22, 2024

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  • According to an obscure sentiment index, the U.S. stock market is likely to be a below-average performer over the next 24 months, as are 25 high-flying, popular U.S. stocks, including Nvidia NVDA, Super Micro Computer SMCI, and Broadcom AVGO. The market indicator, known as the “U.S. Crash Confidence Index,” was created 40 years ago by Yale University’s Robert Shiller and is now maintained by the Yale School of Management. 

  • Harris cements democratic support as the 2024 election is reset.

  • World leaders rush to size up Harris while bracing for Trump's win.

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AAPL Daily Cycles

  • MSFT daily cycle composite suggests down into August.

AAPL Weekly Cycles

  • AAPL weekly cycle composite suggests a down for a month plus then a bounce, possibly a new high later this year before a bigger reversal down.

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