It has been a rocky few months. Much loved winner stocks have been pounded, geopolitics have been worrisome, macro data underwhelming and earnings growth sclerotic. What ‘s to love? Well, the Europeans and Chinese are talking some more monetary easing and if we had to pick one name which would indicate a further risk-on frenzy we’d be inclined to watch Amazon.
The share price was $400 in late January and has dipped below $300 in recent days. However, yesterday it was up 3.5% and we’re going to keep an eye on it as a sentiment indicator….
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