Growth stock summer could finally be over. Shares of well-loved e-commerce platform Shopify (NYSE: SHOP) sunk 15% this week as investors sold off growth stocks after the Federal Reserve remained hawkish on interest rates. Investors might also be getting increasingly pessimistic due to competitive pressures from e-commerce giant Amazon and its encroachment on Shopify's market.
Strategies and tips on how to invest for either market scenario.
Shopify's partnership with Amazon is reshaping e-commerce, but is it a wise move for long-term growth?