Correlation study: 10-year real interest rate vs. AAPL (1983 - )

Apple share price (AAPL) plot above, inverted real rates (0-REAINTRATREARAT10Y) plot below + 1M 200ma, from 1983 to 2023.

Results:
-Strong inverse correlation with 10-year real interest rates and AAPL share price.
-Real rates < 2 % positively correlate with stronger AAPL returns.
-10-year real interest rates bounced from the 2 % level in September 2022 ... May 2023.

"‘John Bull’, says someone, ‘can stand a great deal, but he cannot stand two percent. . ."
- Walter Bagehot, 1852