Amazon has erased early intraday gain to head lower for four straight sessions. This would be the seventh-straight decline that marks the longest losing streak since the eight-session stretch that ended on August 5th, 2019.
IMO, Amazon has the right potential to turn around given its' diversity and business of selling everyday essentials. It is the combination of macroenvironment, recent ER and the Fed meeting that cause such a short term pain. Long Amazon investors should see their rewards soon.
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