Market Update- Holding 50-Day, But Bearish Tone As Amazon Reignites AI-Debt Fueled Concerns

1:23 p.m. ET My takeaway from last week’s action heading into this week was that technical support would hold, but likely lead to a low conviction bounce or bearish consolidation into Nvidia’s earnings after the bell on Wednesday. Thus far, this morning’s trade hasn’t conflicted with that view. The major averages once again defend their…