[partiallypro]

Apple earnings haven't really improved much in the past 5 years. Their EBITDA is essentially flat. They just buy back their shares aggressively and have a ton of cash. Also a lot of big holders (like Buffett) that aren't going to just drop the stock, so there is a limited supply with people chasing it.

Small businesses are getting killed because the government deemed most of them "non-essential" so big boxes and eCommerce were the only things available, so of course Amazon, Walmart, Target, etc are all doing incredibly well. Their small competition was killed off. This pandemic has definitely worsened the transfer of wealth from the small hands to the large hands, and it's 100% the government's fault.