Amazon, another $1 trillion company.
Last night, Amazon performed its sling shot around a pretty hot sun and hit the magical $1 trillion value mark.
Having achieved that breach point, it now joins Apple in the Unitrill club.
The rate of share price growth for both of these companies and the consistently low fear index gauge makes me wonder whether momentum and the fear of missing out is now well and truly entrenched. This is even more relevant in light of Powell's gradual interest rate hike plan.
Since hitting the trill, a psychological barrier for many investors, Apple has gained another 10% in value in a very short period of time. In light of the above, perhaps Amazon may track that sort of performance.
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