From Peter Tchir of TF Market Advisors
Bad AAPL, Good Fedo
In spite of earnings that crushed it for Apple, broader indices struggled to show much strength overnight and slid on the back of some weak earnings out of Europe and growing concerns that few people at the Greek PSI negotiating table have a clue. The comments coming out of the ECB seem more absurd than anything, but I was very surprised how isolated the strength in the market was to Apple (and Nat Gas where UNG is up close to 20%
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