I thought it quite interesting that AAPL announced it’s first stock split since 2014 last week. The first split since being included in the DJIA back in 2015. Being such a high priced stock, AAPL contributed outsized gains to the DJIA over the last few months, since the markets March lows.(see backpage of today’s WSJ) Could it be that after it’s 4-1 split later this month the stock is going to underperfom for some time? Why else would they take away from the outperformance if AAPL was expected to continue rising, even at a slower rate? I contend the stock is due for some reversion to the mean, and after the split will have far less influence on the index’s overall movement. There are no coincidences.