What To Expect From Apple And Amazon Today, With Positioning Already At All Time Highs

With the market suddenly freaking out about a full-blown hard landing recession - at least until tomorrow's goalseeked jobs data comes in 3-sigma higher than expectations to prove just how strong Kamalanomics truly is - and the all-important semiconductor sector swinging from a 7% gain to a 7% loss in the span of two days, not to mention all of yesterday's Nasdaq gains (and then some) gone, today's earnings from AAPL and AMZN are the last remaining hope to prevent a historic Mag 7 rout (especially with Nvidia not set to report for weeks).

So what to expect from the two gigacaps when they report and how are markets positioned into their earnings. We start with Amazon...

What To Look For When Amazon Reports Earnings