Apple: A Stock That's Expensive

The conditions, in my opinion, are going to tighten regardless of where interest rates are because of what just transpired over the last few weeks. Historically, lower rates mean banks lend at a cheaper rate. And again, when we think about the oncoming recession, we think about a consumer that might become a bit strapped. I get it, like Apple's products are no longer this kind of high-end aspirational thing. They become like sort of a utility, a luxury utility or whatever. That's my view. It has been my view, you know, and it continues to be my view.