There are a number of big events this week you should be aware of!

We have “Dreamforce” running through Wednesday.

This is an AI focused Salesforce event that will feature none other than OpenAI’s Sam Altman…

Of course we also have Apple’s yearly iPhone announcement event on Tuesday! 

It’s important to keep in mind that the stock market is not as excited about this event as it has been in previous years…

Why?

Reports surfaced a few days ago of a Chinese ban on iPhone usage by government officials.

At face value this doesn’t seem like a big deal given that we are only talking about hundreds to thousands of individuals.

If this is what China is willing to do though, could they decide to take it a step further and ban Apple products like this on a wider scale?

This is exactly what investors are worried about…

Keep in mind that products sold in the “Greater China” market represented over 18% of Apple’s revenue in 2022!

Apple’s stock tumble played a big role in last week’s lackluster market performance, given how heavily weighted the stock is in major indexes.

With that said, I think there are other factors at play as well…

Market’s are not as happy-go-luck as they were in the first half of 2023…..with uncertain macro conditions likely playing a role.

Speaking of which, we have the latest CPI report coming out on Wednesday morning…

If we get lower than expected numbers, we may see some euphoria towards the tail end of the week.

Overall though, I think we are likely to see a topsy-turvy performance in most large and mega-caps over the coming days…

As the saying goes, “one man’s trash is another man’s treasure”.

What does that mean?

It means there are all kinds of opportunities out there if you know where to look!

For example, volatile environments can be especially good for shorter-term catalyst type stocks…

That’s all for now!

Until Next Time,

-Damian