Major Funds Retreat from Amazon Shares

Amazon’s stock is experiencing significant downward pressure as some of Wall Street’s most prominent hedge funds substantially reduce their holdings in the e-commerce and cloud giant. Recent regulatory filings reveal a notable trend: leading institutional investors cut their positions in Amazon and other “Magnificent Seven” tech stocks during the third quarter. This development raises critical questions about whether the technology sector is facing a bubble or if current concerns are overstated.

The timing of this institutional pullback is particularly significant given this week’s packed economic calendar. Several key events could determine market sentiment in the coming days:

• The first official economic data releases since Read more...