Fundamentals Repriced Higher

its chance, of the story’s futures

+0.6%on the S&P 500, if it happens

Investors increasingly view Apple’s valuation as justified by stronger revenue durability rather than only multiple expansion. China iPhone demand, services revenue, and capital returns become the dominant near-term narrative.

What it moves

Technology+0.8%
Consumer Cyclicals+0.2%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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