How Does this Happen?

Apple has added $286 billion in market capitalization over the past 73 trading sessions. That’s $10 million every minute.

There are only 11 companies in the United States with a higher valuation than what Apple managed to tack on since January 3rd.

The biggest stock in the world gained 43% in under four months. How does something like this happen?

This question is a Rorschach test of sorts; Some people will see this and scoff at the idea that markets are efficient. Others will see a game so hard it doesn’t need to be played.

All data from Ycharts

 

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