I still have trouble understanding why.
While Amazon is worth the premium, considering its position in this industry, the stock would become even more attractive in a full-blown bear market. Again, no one can predict with certainty whether that will happen sometime this year, and even if it doesn't, Amazon stock is a buy. But if a bear market emerges, Amazon will be an even stronger buy.
https://finance.yahoo.com/news/history-says-best-time-buy-191500522.html