$Amazon.com(AMZN)$ Why should

Why should it be over 220? If you haven’t noticed, Big tech isn’t doing great in the market these days. Tesla $Tesla Motors(TSLA)$ is the only megacap stock that’s doing incredibly well. Specifically to AMZN, there’s a stupid childlike feud with the new administration that’ll be playing at the back of people’s minds. The Google $Alphabet(GOOG)$ DOJ news isn’t great for AMZN either, which has its own news about a potential EU investigation.

There’s also a rotation into crypto and midcap tech - shows that the risk appetite is high right now. It’ll come back to Big tech soon and we’ll see new ATHs for many of these names but it’ll take some time and good earnings before that happens.

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