{"id":5284,"date":"2020-09-07T02:05:35","date_gmt":"2020-09-07T02:05:35","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=5284"},"modified":"2021-12-15T13:30:58","modified_gmt":"2021-12-15T13:30:58","slug":"apple-gdp-and-other-market-lessons","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/","title":{"rendered":"Apple, GDP and other market lessons  ?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d13eb1964b7\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d13eb1964b7\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#Check_what_happened_in_different_markets_this_week_here\" title=\"Check what happened in different markets this week\u00a0here.\u00a0\">Check what happened in different markets this week\u00a0here.\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#Announcement\" title=\"Announcement\">Announcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/nav><\/div>\n<table class=\"mcnCaptionBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" valign=\"top\">\n<table class=\"mcnCaptionTopContent\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\" width=\"564\"><strong>This was a week of many lessons.\u00a0<\/strong>And when the market teaches, one must pay attention.<strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Let&#8217;s start with\u00a0<a href=\"https:\/\/kuvera.in\/explore\/us-stocks\/d\/apple-inc-aapl\" target=\"_blank\" rel=\"noopener noreferrer\">Apple<\/a>. AAPL had a stock split on the 31st of August. If you owned 100 shares of Apple priced at $499.24 each at close on the 28th, you woke up with 400 shares of Apple priced at $124.81 each on 29th morning.<\/p>\n<p>&nbsp;<\/p>\n<p>What happened next is the \u201cstock split\u201d effect. Apple stock rallied close to 8% in the next two trading days. Apple is one of the most followed stocks globally and the split was announced in advance. Stock splits are well studied in investing literature. The consensus is that, on average, stock splits lead to a small increase in price.<\/p>\n<p>&nbsp;<\/p>\n<p>Why it happens is a bit of a mystery?<\/p>\n<p>&nbsp;<\/p>\n<p>A stock split is what can be termed as a purely cosmetic exercise. It does not change the economic interest of any investor in the company nor does it have any impact on any fundamentals of the company for future investors. All it does is that it makes the stock price \u201ccheaper\u201d and that is enough for some investors to value it more and drive the price higher.<\/p>\n<p>&nbsp;<\/p>\n<p>Now before you laugh at this, do note we have something similar happens in India as well &#8211; the Mutual Fund\u00a0<a href=\"https:\/\/kuvera.in\/explore\/nfo\/all\" target=\"_blank\" rel=\"noopener noreferrer\">New Fund Offering (NFO)<\/a>. For long NFOs were sold as cheap because of the low starting NAV of Rs 10. The &#8220;advantage&#8221; that the investor got was they got more units for the same Rs 1,000 investment than a comparable fund in the same category. Even today, unscrupulous distributors will market the &#8220;advantage&#8221; of owning more units as NAV is only Rs 10.<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"mcnCaptionTopImageContent\" align=\"center\" valign=\"top\"><a class=\"\" title=\"\" href=\"https:\/\/kuvera.in\/explore\/us-stocks\/d\/apple-inc-aapl\" target=\"_blank\" rel=\"noopener noreferrer\"><img class=\"mcnImage\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/ad10dac5-c522-4b9d-ab79-6a67cd4e5940.jpeg\" alt=\"\" width=\"564\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnCaptionBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" valign=\"top\">\n<table class=\"mcnCaptionTopContent\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\" width=\"564\">&nbsp;<\/p>\n<p><strong>The second lesson is\u00a0on Index inclusion<\/strong>. Again an event that does not change the fundamental prospects of the stock but can have a\u00a0significant impact on the stock price &#8211; but this time with some reason. Take for example the case of Salesforce. On 25th Aug Dow announced that\u00a0<a href=\"https:\/\/kuvera.in\/explore\/us-stocks\/d\/salesforce-com-inc-crm\" target=\"_blank\" rel=\"noopener noreferrer\">Salesforce<\/a>\u00a0will be included in the Index as of Aug 31st. The stock popped ~25% at open on the next day i.e 28th Aug.<\/p>\n<p>&nbsp;<\/p>\n<p>While index inclusion in itself does not change the companies prospects, it changes the liquidity in that stock. Every index fund\u00a0tracking Dow 30 index is required to add this stock to ensure it continues to track the index well. The buying that ensues pushes the stock up.<\/p>\n<p>&nbsp;<\/p>\n<p>At one point active managers could make significant alpha just by predicting index changes. But then the strategy caught on and the excess returns from this strategy all but disappeared. So, what happened to Salesforce is an exception, as the event was unanticipated.<\/p>\n<p>&nbsp;<\/p>\n<p>This is also a good reminder that if a lot of investors\u00a0are using similar strategies, the excess return from that strategy disappears quickly.<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"mcnCaptionTopImageContent\" align=\"center\" valign=\"top\"><a class=\"\" title=\"\" href=\"https:\/\/kuvera.in\/explore\/us-stocks\/d\/salesforce-com-inc-crm\" target=\"_blank\" rel=\"noopener noreferrer\"><img class=\"mcnImage\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/e94e4637-a09b-44d6-960d-759b1f58ac3b.jpeg\" alt=\"\" width=\"564\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnCaptionBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnCaptionBlockOuter\">\n<tr>\n<td class=\"mcnCaptionBlockInner\" valign=\"top\">\n<table class=\"mcnCaptionTopContent\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\" width=\"564\">&nbsp;<\/p>\n<p><strong>Closer home, YoY India&#8217;s GDP declined by 23.9%.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>But the market was unperturbed. It didn&#8217;t care much. As it turns out the market cares about the economy, but more so of the future economy. The market is the weighted average of what investors think will happen in the next few\u00a0years and not what just happened. It discounts expectations and adjusts for surprises against those expectations.<\/p>\n<p>&nbsp;<\/p>\n<p>In this case, the markets crashed ~36% by March in anticipation of weak future\u00a0numbers (earning and GDP) for the next few quarters. The information was incorporated in prices as quickly as it was widely accepted to be happening. So when the data did actually come out, it was not that big of\u00a0a surprise and investors were\u00a0prepared for it. The subsequent financial easing post-March has brought the market back to previous levels. But the jury is still out on whether what was done is enough.<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"mcnCaptionTopImageContent\" align=\"center\" valign=\"top\"><img class=\"mcnImage\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/b214bd02-caf0-49b8-ba32-e10fa9cf1cf9.jpeg\" alt=\"\" width=\"564\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">&nbsp;<\/p>\n<p>The common thread in all the three examples is that prices move too much. Prof Shiller of Yale says it best :<\/p>\n<p>&nbsp;<\/p>\n<p><strong>&#8216;<em>Prices fluctuate too much to be explained by a rational process.&#8217;<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>It is hard to believe that investors expectations of future changes so dramatically and so quickly. The volatile price moves\u00a0we see so often\u00a0are\u00a0the biggest mystery. The price moves, though, are unpredictable. So, regardless of what all those trading seminars say, you cannot reliably profit from the price moves. Your best option is to ignore these short term price changes and stick to long term plans.<\/p>\n<p>&nbsp;<\/p>\n<p>Happy investing,<br \/>\nGaurav<br \/>\nCEO | kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>In this week\u2019s episode of\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=s23EckjSq5w&amp;list=PLDSzQdT9nLmCRFMfrhG61kBY1XcV5wxGb&amp;index=1\">Kuvera QuickTakes<\/a>,\u00a0 Ajay Tyagi (CFA), Fund Manager &amp; Executive Vice President \u2013 UTI AMC and Neelabh Sanyal, COO &amp; Co-Founder \u2013 Kuvera.in speak about the patience horizon when investing in Mutual Funds<\/p>\n<p><iframe loading=\"lazy\" title=\"Kuvera QuickTakes: The patience horizon when Investing in Mutual Funds\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/M5Sl3mut0_4?list=PLDSzQdT9nLmCRFMfrhG61kBY1XcV5wxGb\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Check_what_happened_in_different_markets_this_week_here\"><\/span><strong>Check what happened in different markets this week<a href=\"https:\/\/kuvera.in\/blog\/category\/check-what-happened-in-different-markets-in-one-place\/\">\u00a0here.\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Announcement\"><\/span><b>Announcement<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p><b>1\/ SEBI has <\/b><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/sep-2020\/review-of-debt-and-money-market-securities-transactions-disclosure_47465.html\"><b>revised disclosure requirements for debt<\/b><\/a><b> and money market securities<\/b><span style=\"font-weight: 400;\">. With effect from October 1, fund houses will need to disclose details of transactions with a lag of 15 days from the current allowed time lag of 30 days.\u00a0<\/span><\/p>\n<p><b>2\/ SEBI <\/b><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/sep-2020\/review-of-provision-regarding-segregation-of-portfolio-due-to-the-covid-19-pandemic_47477.html\"><b>allows Mutual Funds to side pocket debt<\/b><\/a> <span style=\"font-weight: 400;\">in cases where borrowers approached the AMCs for debt restructuring amid Covid-19 pandemic. If the restructuring by the lenders is solely due to covid 19 related stress, the credit rating agencies may not consider it as a default event.<\/span><\/p>\n<p><b>3\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/motilal\"><b>Motilal Oswal Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has approved <\/span><a href=\"https:\/\/www.motilaloswalmf.com\/Pdf\/Products\/equity\/1312198300Motilal-Oswal-Notice-(Draft-2).pdf\"><span style=\"font-weight: 400;\">provisions to include the creation of segregated portfolios<\/span><\/a><span style=\"font-weight: 400;\">. Unit holders who do not wish to continue in the designated scheme, can switch-out or redeem the units at prevailing NAV without being charged any exit load between 8 September and 7 October 2020.<\/span><\/p>\n<p><b>4\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/lic\"><b>LIC Mutual Fund<\/b><\/a> <span style=\"font-weight: 400;\">has re-designated Sanjay Pawar, Debt Dealer as Co-Fund Manager of Fixed Income schemes &#8211; LIC MF G-Sec Long Term Exchange Trade Fund, LIC MF Short Term Debt fund.<\/span><\/p>\n<p><b>5\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/jm\"><b>JM Financial Mutual<\/b><\/a><span style=\"font-weight: 400;\"> Fund has <\/span><span style=\"font-weight: 400;\">appointed <\/span><span style=\"font-weight: 400;\">Parthiv Kilachand <\/span><span style=\"font-weight: 400;\">as an Independent Director on the Board of JM Financial Asset Management Limited<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<blockquote><p>&nbsp;<\/p>\n<div class=\"css-1dbjc4n r-156q2ks\">\n<div class=\"css-901oao r-hkyrab r-1qd0xha r-1blvdjr r-16dba41 r-ad9z0x r-bcqeeo r-bnwqim r-qvutc0\" dir=\"auto\" lang=\"en\">\n<p>\u0917\u0941\u0930\u0941\u0930\u094d\u092c\u094d\u0930\u0939\u094d\u092e\u093e \u0917\u0941\u0930\u0941\u0930\u094d\u0935\u093f\u0937\u094d\u0923\u0941 \u0930\u094d\u0917\u0941\u0930\u0941\u0930\u094d\u0926\u0947\u0935\u094b \u092e\u0939\u0947\u0936\u094d\u0935\u0930\u0903<\/p>\n<p>\u0917\u0941\u0930\u0941 \u0938\u093e\u0915\u094d\u0937\u093e\u0924 \u092a\u0930\u092c\u094d\u0930\u0939\u094d\u092e\u093e\u00a0\u0924\u0938\u094d\u092e\u0948 \u0936\u094d\u0930\u0940\u0917\u0941\u0930\u0935\u0947 \u0928\u092e\u0903<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"Kuvera Insights: Vivek Kaul explains the impact of Non Performing Assets (NPA&#039;s) and Bad Loans\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/cWcgNrjwVIU?list=PLDSzQdT9nLmCysU31bg4Ngh7WY2p3UiiI\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This was a week of many lessons.\u00a0And when the market teaches, one must pay attention.\u00a0 &nbsp; Let&#8217;s start with\u00a0Apple. AAPL had a stock split on the 31st of August. If you owned 100 shares of Apple priced at $499.24 each at close on the 28th, you woke up with 400 shares of Apple priced at [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":5350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[404,405,407,409,317,411,408,406,412,410],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple, GDP and other market lessons ? - Kuvera<\/title>\n<meta name=\"description\" content=\"What does Apple stock split, salesforce index inclusion and GDP shock tell us about how market prices events?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple, GDP and other market lessons ? 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- Kuvera","description":"What does Apple stock split, salesforce index inclusion and GDP shock tell us about how market prices events?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/","og_locale":"en_US","og_type":"article","og_title":"Apple, GDP and other market lessons ? - Kuvera","og_description":"What does Apple stock split, salesforce index inclusion and GDP shock tell us about how market prices events?","og_url":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/","og_site_name":"Kuvera","article_publisher":"https:\/\/www.facebook.com\/kuvera.in","article_published_time":"2020-09-07T02:05:35+00:00","article_modified_time":"2021-12-15T13:30:58+00:00","og_image":[{"width":1056,"height":521,"url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/09\/Capture.png","type":"image\/png"}],"author":"Gaurav Rastogi","twitter_card":"summary_large_image","twitter_creator":"@Kuvera_In","twitter_site":"@Kuvera_In","twitter_misc":{"Written by":"Gaurav Rastogi","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#article","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/"},"author":{"name":"Gaurav Rastogi","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/90a520bbda6e474788752100f61385bd"},"headline":"Apple, GDP and other market lessons ?","datePublished":"2020-09-07T02:05:35+00:00","dateModified":"2021-12-15T13:30:58+00:00","mainEntityOfPage":{"@id":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/"},"wordCount":1073,"commentCount":1,"publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"keywords":["aapl","apple","crm","gdp","index","index inclusion","nifty50","salesforce","shiller","stock split"],"articleSection":["Kuvera Weekly"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/","url":"https:\/\/kuvera.in\/blog\/apple-gdp-and-other-market-lessons\/","name":"Apple, GDP and other market lessons ? 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