Apple Inc. (AAPL) Stock Forecasts

Summary

The stock, metals, and crypto markets have been completely dislocated for four months, with each dancing to its own tune. Going back to the late 1960s, the S&P 500 and gold have been highly correlated at times and highly negatively correlated at other times. Over that period, gold and silver have had a very negative correlation with the U.S. Dollar Index (USD), as most of the great advances in the metals have occurred during long periods of dollar weakness, and vice versa. One might think that a weak USD would coincide with strong stock-market returns, but that’s just not always the case. Starting in 2014, Bitcoin (BTC) was negatively correlated with the USD. The first two massive runs by BTC occurred when the USD was weak, while two of the BTC bear markets occurred when the USD was trending higher. That negative correlation seemed to break in 2024, and there have been periods of risk-on behavior when BTC has been highly correlated with the Nasdaq 100 (QQQ). Those times include 2017, March 2020 until November 2021, and a number of times since the end of the 2022 bear market. But the BTC and QQQ correlation has also been busted of late. BTC topped in October 2025 and has witnessed a