Mike Bailey

It's possibly the most successful handoff from strength to strength in corporate history, apple Music, frankly, needed a cheerleader and a politician, possibly more than a micromanaging, stressed out founder.

It's possibly the most successful handoff from strength to strength in corporate history, apple Arcade, frankly, needed a cheerleader and a politician, possibly more than a micromanaging, stressed out founder.

Probably partnering makes the most sense, the one issue that I've heard of is that cars can be less profitable relative to Apple's other products, so that is a concern if Apple is going to be shifting gears into a less profitable business line.

If you look ahead, It's hard to see the Apple car being the next big thing in the way that, say, cloud has been for Microsoft and Google. But then again, no one really saw cloud coming, this could be really interesting for Apple, but it seems like a long shot.

Despite the ominous headlines about a trade war with China, we're comfortable with U.S. equities at current prices amid favorable macro trends and surging earnings growth.

It seems like, from a technicals perspective, it's time for a little bit of a breather, and... we're seeing some data points that support that.