In a somewhat quieter week for economic news, this week's focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China.
Key events:
With only two days to go before the official launch of the iPhone 8 – the first of the company’s famed product launches to be held in the Steve Jobs Theater at the heart of the company’s futuristic new campus in Cupertino – leaks of the new iOS operating system, which surfaced Saturday, have provided some clues about the new iPhones' features.
It is hard to find a bigger Apple stock cheerleader than me. I’ve been writing Apple stock love poems for years. For a long time, it was easy to love the shares because they were unloved by others and it was cheap.
Until recently, when Apple stock was still trading in the low $100s and at single-digit multiples, we were buying current product categories at a discount and were not paying for future product categories.
AAPL stock is sliding this afternoon as The Wall Street Journal reports the new iPhone is said to have seen "production glitches."