What's happening: Apple shares have seen that kind of outperformance all year. The stock price has risen by around 45% this year, more than double the S&P's YTD gains and well above the 29% rise of tech ETF XLK. It's also the best-performing FAANG stock this year by a wide margin.

• Apple shares have benefited from stronger-than-expected sales of the iPhone 11 and increased excitement about its wearables, such as the Apple Watch and AirPods.

Yes, but: Wall Street analysts remain bullish on Apple in words, but the average price target is below the company's current $230 stock price.

• Of the 48 analysts covering Apple, 25 have Buy ratings, 18 have Holds, and 5 have Sells, according to Bloomberg data cited by Barron's. Their average 12-month target for the stock is $224.10.

Watch this space: Apple also continues to see overall iPhone sales drop, with volumes expected to fall 15% this year from 2018's total, according to a September report from IDC.

Go deeper: Apple doubles down on buybacks

• It's the continuation of a trend that has been in place all year and accelerated in the second and third quarters.

Details: Year to date, investors have moved $424 billion into money market funds, $361.5 billion of which has been deposited over the last 6 months. Conversely, $154.1 billion has been drained from equity mutual funds and ETFs in 2019, with $136.9 billion of outflows coming in the past 6 months, according to ICI's data.

• More than $3.5 trillion currently sits in money market funds, the most since 2009.

Go deeper: Investors are missing out on the stock market rally

• The IMF now expects slower growth in 90% of the world and that "growth this year will fall to its lowest rate since the beginning of the decade."

What's next: The IMF and World Bank earlier this week said they expect to write down their 2019 growth projections again — the third downward revision this year — at their meetings next week in Washington, D.C.

• Elina Ribakova, deputy chief economist at the IIF, said the organization remains upbeat on the outlook despite the revision.
• "We expect central banks to continue easing against the backdrop of slowing growth and assume no further deterioration in trade tensions," she told Axios in an email.

Flashback: It hasn't even been 2 years since then-IMF managing director Christine Lagarde said in January 2018 that the global economy was experiencing "the broadest synchronized global growth upsurge since 2010" and that "all signs point to a continuous strengthening."

Go deeper: Mainstream economists are getting radical