The cycle from the January 21, 2026 low in Apple (AAPL​​​​​​​) is unfolding as a five‑wave Elliott Wave impulse. From that low, wave 1 advanced to $268.34, followed by a corrective pullback in wave 2 that terminated at $252.12.

The Challenger, Gray & Christmas report reveals that while Artificial Intelligence is a growing factor in layoffs, it remains a secondary driver compared to government actions and broader economic conditions.

M2 money supply has surged to $22.4 trillion, signaling a major inflationary push. Despite official narratives, this liquidity expansion remains a primary driver of the ongoing affordability crisis and dollar devaluation.

Market analysts report that bulls have regained control of the S&P 500 and Nasdaq following a massive reversal last Friday.