2023 has proven to be another dynamic year for the market. Early on, many pundits were sure in their predictions of a recession, but it never materialized. In fact, gross domestic product grew 5% last quarter, surprising many.

But make no mistake, this is a challenging economy. Interest rates are high, and consumers are stretched (credit card debt is at an all-time high!). Alphabet's stock price plummeted after its third-quarter earnings release in late October, and this made me a little edgy waiting on Amazon's (NASDAQ: AMZN) Q3 results, which came out a few days later. Instead, Amazon turned the tide (See chart below. The "E" indicates earnings releases on the charts).

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Source Fool.com