S&P Weekly Update

This week, we are looking at Apple stock. Around two weeks ago, Michael Burry, the same guy who predicted the housing market crash in 2008, sold all of his shares in the stock market. Apple, since the announcement of its new headset, has been setting recording highs with its stock price. The reason I’m telling you this is because Michael Burry has been very vocal about a crash in the stock market, and a stock like Apple—currently at $181.94—will be a stock that might be affected the most. It has consistently been around $196 and has already dropped $8 a share in the past two days. If anyone in the Finance Club is still holding Apple, we would advise to sell then buy back after the crash or right before the release of the new Iphone 15.