Good morning, you're tuned in to Markets Desk.
Amazon's cloud AI business has crossed a twenty-five billion dollar annual revenue run rate, growing at triple-digit percentages year over year. That milestone inside AWS is reshaping how analysts think about Amazon's long-term valuation, with the AI infrastructure buildout now a central pillar of the bull case heading into the next five years.
Turning to the bond market, Fundstrat's Mark Newton is pushing back against the panic narrative surrounding rising yields. He argues the technical picture does not support a deeper equity selloff, pointing to structural support levels that suggest the stock market can absorb the current pressure without a sustained breakdown.
And on the energy front, Brent crude is trading at ninety-three dollars and sixty cents per barrel this morning, up more than a dollar from yesterday and a striking forty-one percent above where it stood one year ago. That kind of sustained energy inflation feeds directly into input costs across industrials and consumer staples, keeping the Federal Reserve's inflation calculus complicated.
That's the tape. Markets Desk, signing off the floor.
