We don’t hold Amazon (AMZN US) in our MM International Portfolio but it’s been one of our yardsticks through 2020 / 21, the stocks been tracking sideways since September last year and we still see another ~15% upside before we will get particularly nervous around it. In other words, we see higher prices in US stocks through 2021, albeit in a choppy manner, before we may consider a reduced market exposure stance.
MM remains bullish Amazon.com (AMZN US)
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