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And "if markets like this persist for many days or weeks, things could change," said Peter Crane, President & Publisher of Crane Data - Money Fund Intelligence.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

And that doesn’t even get to the .7 billion deal to buy Whole Foods Market, drastically expanding Amazon’s grocery reach. That wasn’t included in discussions because the deal has not closed yet.

And so we got in a room, had exactly that debate. And in many, many examples, and I can give you a couple if you’re interested, the data that we do annotate, and it’s a small fraction of 1% by the way, is incredibly important to making Alexa and the service better.

Analysts agreed that the new theory is raised against a background of the world's longtime pursuit of openness and globalism being challenged by political and policy uncertainties, such as the US withdrawal from the Paris climate accord and the UK decision to leave the European Union.