Apple zigs while Nasdaq zags, correlation turns negative (AAPL:NASDAQ)


Oct 28, 2026, 4:38 AM ETApple Inc. (AAPL) Stock, QQQ, NDXIYW, VGT, QLD, QID, TECL, TQQQ, SQQQ, FTEC, HLAL, AAPB, AAPU, AAPX, AAPW, GXPTBy: Sinchita Mitra, SA News Editor
Apple Store in China

Nikada/iStock Unreleased via Getty Images

Apple’s (AAPL) three-month correlation with the Nasdaq 100 has turned negative, reaching -0.12, for the first time on record.

The Kobeissi Letter said the correlation had remained negative for two consecutive months.

“By comparison, in June 2025, the 3-month correlation stood



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