Apple Making America Great Again?

Now that the market is taking a bit of a breather from shoveling USD and its fixed income products onto the bonfire, we can step back and take a look at one of the late 2017 themes that may--or may not--be starting to play out in 2018. The US tax reform has exited the sausage-making process and gone into effect. We are starting to get the headlines about the impact: last week it was retailers like Walmart promising bonuses and wage increases, this week, Apple--that bastion of far-right economic conservatism--is pledging to Make America Great Again: