Apple zigs while Nasdaq zags, correlation turns negative

For the first time on record, Apple's three-month correlation with the Nasdaq 100 has turned negative, reaching -0.12. According to The Kobeissi Letter, this trend has persisted for two consecutive months. This decoupling marks a significant shift in market behavior, as the tech giant historically moves in tandem with the broader index. Analysts are closely monitoring this anomaly to determine if it signals a broader change in investor sentiment toward major technology stocks.