NFLX

Netflix, Inc.

195.19
USD
1.98%
195.19
USD
1.98%
162.71 700.99
52 weeks
52 weeks

Mkt Cap 86.39B

Shares Out 442.60M

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E Tuesday Talk: Red In Every Direction

Despite fierce claw-back activity at the end of yesterday's session which caused the market to close higher, tensions over the Ukraine and anxiety about the Fed signal red. At the close of trading on Monday, the S&P was up 12 points, to close at 4,410, the Dow was up 99 points, to close at 34,365 and the Nasdaq Composite was up 86 points, closing at 13,855. And while the daily chart below may show a bullish tail, the yearly chart clearly illustrates how long a fall the market so far this year. Daily Charts: The New York Times Currently market futures are wary of any bullish sentiment, S&P futures are trading down 60 points, Dow futures are trading down 267 points and Nasdaq 100 futures are trading down 284 points. TalkMarkets contributor Paul Eitelman tries to make sense of What’s Behind January’s Market Swoon? "The combination of higher interest rates, lackluster fourth-quarter earnings and geopolitical risks have taken a toll on the global equity market, with the selloff most pronounced in the United States...First, corrections—such as what the S&P 500 fell into during intraday trading today before mounting a stunning rally—are totally normal. Market corrections tend to occur once every two years. And it is precisely because of this volatility and risk that equities—as an asset class—are expected to return more than bonds over the long term. Second, equity market corrections have historically been short-lived, with the S&P 500 Index recapturing its previous highs in just four months, on average...higher (US Treasury) discount rates catalyzed a repricing of unprofitable growth stocks whose valuations hinge heavily on earnings that are expected far off in the future...investor sentiment has pivoted hard through the current selloff and is approaching panicked levels. We view that as a positive indication, tactically, for the performance of risky assets."

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