BLOOMBERG Bloomberg Markets Balance Of Power July 12, 2024
We have had the s p 500 higher for the third week in a row. We have the nasdaq down. The first down week in three weeks and a lot of that has to do with netflix having its worst week since 2019. They put up a disappointing quarter, messy Second Quarter but weighing on the stock is the subscriber view for the third quarter. An important peas of information comes out of that netflix result and what is happening with that stock, down 11 , the fact the stocks have been up so much out of the march low, the stayathome stops, it tells us investors have priced them to perfection. If results are messy ...