Earnings have been phenomenal. One thing that happens in October is the market pricing in future guidance. Amazon in particular is seeing some slowing predicted this Christmas. An outside observer might relate that to the economy, but it has much more to do with growth leveling out from meteoric to just good. This market is still overpriced.
If wages are trending upward, Christmas will be taken to the bank, literally in interest paid on loans, lines of credit and credit cards to pay for imported bobbles and pearls. Amazon hates Trump and they will have a record breaking Christmas earning’s come January.