It’s AMZN versus Everybody Else
Corporate profits are strong, inflation is low, the interest rate environment is still good, and as Keith points out, we’re seeing not just earnings growth but topline revenue growth as well. It’s possibly the best quarter on record for the markets, but not for brick and mortar retailers. The “Ice Age” is crippling, with nine bankruptcies this year and 50% of shopping malls expected to go dark this decade. Here’s Keith’s take, along with controversy in Washington D.C. and the latest on the Big Five tech stocks.