Amazon is likely becoming its own index with the company becoming more involved in everyday life. I wouldn't be surprised to see spx continue to underperform comparatively as Amazon gobbles up more of the market and overtakes the index. As small and mid size businesses struggle, this powerhouse will remain. Currently Amazon is rocking a PE ratio of over 100, investors certainly have confidence in the company. From what I can tell, Amazon will likely see record profits on earnings and will be one of the few that are showing such. I can't advocate for where your money should go, but I will say this: No matter what this planet faces in the coming months, Amazon will emerge from the chaos stronger than ever. Of course, the company is not immune to bubbles, but any pop is an extremely strong buy in my opinion.
Of course, I'm not a professional and this isn't advice. Feel free to discuss and maybe we can learn more.
Of course, I'm not a professional and this isn't advice. Feel free to discuss and maybe we can learn more.