The Best of Kass
Among his posts this past week, Kass explained why Apple's Black Friday sale was no big deal and why recent global economic data contradict the doomsayers.
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Originally published on Friday, Nov. 23 at 8:17 a.m. EST.
And speaking of Apple (AAPL) , the company's Black Friday savings is only $7 on earphones to $101 on a $1,600 laptop -- kind of a so-what sale.
I would construe the lack of big Black Friday sales at Apple as a thin reed but mildly positive indicator that demand is quite strong.
At the time of publication, Kass was long AAPL.
The World Keeps Turning
Originally published on Friday, Nov. 23 at 7:39 a.m. EST.
For those who had better things to do (and I hope it was all of you) and hadn't seen my posts on early Thursday morning, there was important economic data out of China and Europe on Wednesday evening and the following morning.
There were positive data from China on Wednesday evening, suggesting that China's economic growth has bottomed and is mildly accelerating. To some degree, an improving economy in China underpins global economic activity. In response to the data release, China's equity market cut its decline and has risen further overnight.