Market volatility indices have eased slightly, allowing Amazon futures to regain upward traction. Technical charts highlight a consolidating pattern, which could break upward if AWS revenue guidance surpasses current 12% YoY growth, making derivatives traders more confident in long positions. % — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor . All of this means the U.S. economy could hit a rough spot, and even worse, hit a recession — our analysis here on the macro picture . In fact, Goldman Sachs recently revised its forecast, increasing the likelihood of a U.S. recession to 35%, up from its previous estimate of 20%, the Wall Street Journal reported. Futures contracts linked to Amazon are showing a mild contango structure, indicating investor expectations for higher spot prices over the next quarter. This curve dynamic is being driven by anticipated retail season strength and robust Prime subscription renewals.
