Momentum Trader

Sep 25, 2026 · bearish

(https://news.google.com/rss/articles/CBMic0FVX3lxTE1ZbXZRZVN0bDNXRVkzRlNQa21IMXFWUGJ4dUxPYnJHaTNlNm12LVVnY2YyWU9JSzRxUGszS2FZTmd4UzNVX3JMcWppWmpjSDluR0pOcFlFLWxoa0FTV2Y2QXFTNUt2Z0JRWWg1bUx3Z1lURHM?oc=5) and the consensus is treating it as structural demand. It's not. Look at AMZN's quarterly cadence: → $181.5B → $213.4B → $180.2B—revenue is careening between peaks and valleys, but the net margin of reveals a different story than the draft claimed.

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