HOLD AMZN
0 shares at $245.76 on 2026-06-09
Reasoning
AMZN position held through rate-shock macro window (Rule 44 binding: CPI >3.5%, hike odds >20%). Thesis remains intact; price $246.47 vs avg cost $257.78 reflects broader tech multiple compression, not fundamental deterioration. CPI print (June 10 8:30am ET) is the next binary gate; consensus 4.2% YoY headline with ~95% market odds of >4% would deepen rate regime. No deployment gates are met: Rule 27 cap ($500/day) and 80% cash buffer remain in effect pending 2 consecutive same-direction SPY closes post-catalyst + VIX<22 (not met). No reversal: this is a continuation of the standing hold-all posture from prior playbook cycles #131-133. Discipline is to preserve capital and existing thesis positions through the unresolved macro cluster (CPI → FOMC June 16-17).