Amazon bucks the trend and rises! Primeday starts reporting in advance

Buffett has only seen 5 U.S. stock market circuit breakers in his lifetime, and we have seen 4 in two weeks...

Early this morning, U.S. stocks plummeted immediately after opening, with the S&P 500 falling by more than 7%, triggering the circuit breaker mechanism and suspending trading for 15 minutes. This was the fourth circuit breaker in the U.S. stock market in ten days and the fifth circuit breaker in history.

Simply put, the circuit breaker mechanism is the fuse of the stock market. The specific measure is to suspend stock trading when the stock market falls too much to prevent further decline and deterioration. The circuit breaker mechanism of the US stock market is divided into three levels:

Level 1 circuit breaker, triggered when the decline reaches 7%, suspends trading for 15 minutes

Level 2 circuit breaker, triggered when the decline reaches 13%, and then suspended for 15 minutes

The third level circuit breaker is triggered when the stock market continues to fall by 20% after the first and second levels. The market will be closed directly and no trading will be conducted on that day.

Since the circuit breaker mechanism was introduced, the U.S. stock market only had its first real circuit breaker on "Black Monday" in 1987. However, in the past ten days, the market has plummeted continuously and four circuit breakers have occurred. The U.S. market is facing an unprecedented crisis.

Apple fell 2.45%, Google fell 2.4%, Facebook fell 1.65%, and Microsoft fell 4.21%... When U.S. stocks were all in the red, our base camp Amazon actually bucked the trend and rose 1.23%, becoming a bright spot among the green.

Did my brother-in-law cast some magic spell on Amazon? Why can Amazon buck the trend and rise amid a general decline? Based on the situation in our country, I can say that during the epidemic, e-commerce platforms are the key link in supporting the entire country to survive the epidemic . Even my brother-in-law's mortal enemy Trump has to admit this fact.

Trump and Amazon

Because my brother-in-law and Trump have very different political views, when Trump was running for president, The Washington Post, which was under my brother-in-law's command, did its best to discredit Trump, causing Trump to almost fail in the election.

Trump remembers this account clearly. After taking office, he has been causing trouble for Amazon every now and then. Sometimes he launched an antitrust investigation, sometimes he criticized Amazon for not paying taxes, and he even dug up a scandal about his brother-in-law, causing him to divorce. The two are absolute enemies.

But at a press conference yesterday, when Trump was asked by the media: "I heard that the White House has been in daily contact with Amazon CEO Bezos recently," Trump acknowledged this fact and said that in the face of the new crown epidemic, many capable people's strong assistance is needed, and Bezos is one of them.

Trump was targeting his brother-in-law and Amazon some time ago, but now he has changed his face and admitted that he needs his brother-in-law's help. This change is not because his brother-in-law is rich, but because e-commerce platforms, especially complex e-commerce giants like Amazon, are too important during the epidemic.

During the epidemic, people need to stay at home for a long time, and a large number of physical businesses cannot operate normally. Amazon, as the leader in e-commerce, naturally becomes an important channel for American consumers to purchase supplies. From daily consumer goods to fresh food delivery, you can buy almost anything on Amazon.

During the economic recession, unemployment rates soared, and the 100,000 full-time jobs recently offered by Amazon have effectively alleviated the serious unemployment problem. In the foreseeable future, Amazon will only become more and more important, and may even become the only channel for American consumers to shop normally. So this is why my brother-in-law can go against the trend when the US stock market is in the red.

The outside world is so optimistic about Amazon's performance during the epidemic, but what about Amazon itself? Today, we suddenly found on the flash sale page in the background that we can actually submit LD for Primeday.

Prime Day is open for submissions

Open the LD submission page in the US site backend and you can see the submission time of the "Primeday Window".

After submission, the scheduling period is shown to be from March 30 to May 17 .

In previous years, the start date of Primeday was mid-July, and the registration window was generally around mid-April. This year, you can register now, which is a full month earlier than in previous years.

At the same time, according to the backend information, the submission window ends at 11:59 (Pacific Daylight Time) on May 8 , and there will be no 7-day flash sales during Prime Day week this year (it seems that the 7-day flash sales at a sky-high price of $1,000 per item during last year's Black Friday were not very popular among sellers).

Primeday went on as usual, and even started reporting a month in advance, which shows that Amazon is not pessimistic about its business during the epidemic, otherwise it would not have released 100,000 jobs at this time.

The current epidemic in the United States will only get worse, and it will become increasingly difficult for consumers to buy supplies and daily necessities offline (they cannot go out yet). However, during this period, logistics and the Amazon platform can continue to operate normally, so the next stage is for us e-commerce sellers.