Amazon hits new high again! Trump's presidency is in jeopardy

2020 is a year of disasters and wonders. The United States has not yet recovered from the impact of the epidemic, and has fallen into riots and marches against racial discrimination. In this severe situation, the U.S. stock market has once again hit the sky. The Nasdaq index has broken through 9,900 points for the first time, setting a record high.

Among them, Amazon, as the mainstay of the US stock market during the epidemic, soared by more than 35%, exceeding US$2,500. Analysts at RBC Capital raised Amazon's target price estimate from $2,700 to ￥3,300, and predicted that Amazon's market value may exceed US$1.6 trillion in August, becoming the world's most valuable company again.

Although the United States is now experiencing serious marches and protests, major cities, led by New York, have announced restart measures, and New York has already restarted its stagnant business activities on Monday.

In addition, the Federal Reserve announced a new round of "Main Street Lending Program" yesterday, allowing more companies to obtain loans at more favorable interest rates. The double benefits led to the surge in US stocks against the trend.

Amazon's stock price has been leading the market all the way thanks to the fact that offline retail stores have been greatly restricted during the epidemic. Even after resuming work, many retail stores and supermarkets are still unable to operate normally. Amazon has become an alternative for consumers.

According to a recent e-commerce survey by RBC Capital, 64% of Amazon customers now shop online at least two or three times a month, compared to around 54% before the pandemic; and nearly half of the respondents said they spent more than $200 on Amazon in the past month, which is also much higher than the proportion before the pandemic.

Amazon has made the online market bigger, and we sellers can naturally enjoy more traffic and orders.

Although the U.S. stock market has rebounded strongly, Comrade Trump, who has always regarded the stock market as his political achievement, has not been so noisy recently. According to the latest CNN poll, Trump's approval rating has fallen to the bottom, and he is likely to lose to Biden in the November election.

Among Americans surveyed by CNN, only 38% approved of Trump's presidential job, a drop of about 7 points from last month, while 57% voted for Trump with disappointment.

This is Trump's worst approval rating since January last year, and is similar to the approval ratings of former presidents Carter and Bush, who both failed to win re-election. Biden's approval rating has been rising, with 55% of people currently supporting Biden as the next president of the United States, the best result since Biden ran for office.

Nearly two-thirds of Americans believe that racism is a major problem in the United States, and this proportion is close to 90% among the black community. Among Americans interviewed in the poll, 60% believe that Biden can handle the big problem of racism better than Trump, who only has 30% of supporters in this regard.

Even in the economic field, where Trump is best, Trump's approval rating (51%) almost lost to Biden (46%). CNN's poll results are very accurate and can almost predict the results of the US election. If Trump does not have any "magic tricks" next, he will most likely fail to be re-elected.

Trump is now surrounded by enemies on all sides. Not only are the Democrats eyeing the presidency, but the Republican Party has also begun to widely oppose Trump's administration. Even Twitter, which Trump relies on for survival, has begun blocking his tweets. Trump is so angry that he sends 200 tweets a day, comparable to a micro-businessman.

Given Trump’s current dangerous position, there will definitely be some big news in the coming period. Let us wait and see.

Although American society is not stable and the election is uncertain, Amazon sellers are in the limelight because the pandemic has made more consumers develop the habit of online shopping and has added tens of millions of loyal Prime members. Even if Trump makes a stupid move, the impact will be smaller than that of other industries.

These two favorable influences can be said to have laid an excellent foundation for Primeday. It depends on how my brother-in-law will attract these consumers with the subsequent membership day and summer promotions.