[WestRace]

Another reason that it would be hard for the market to go higher is that as soon as there is some steam on the rally, the FED will talk of rate hikes so there is that FED inertia that the market will have to overcome even if there is no recession.
Powell seems more hawkish than the last chairman so I don't think he will be swayed by the market as much as before.

As for amazon, too much speculation seems to be already built into the stock. It's PE is 100 so it's hard to see how much growth can justify that type of valuation. Here's in Socal, we have Ralph and Albertson grocery delivery as well so amazon growth will be tempered by the traditional business.

The general mentality on the street still appears optimistic. People are still waiting for the bottom as if it is some vacation destination but usually if there is indeed a real market downturn, the bottom is more like a trip to hell.