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🚨WARNING🚨 Its Happening Again
Stock market bulls got some relief today as economic data helped lift every industry on the S&P with a 1% gain, but NFLX earnings after the bell had some big implications. Netflix reported a historic earnings miss, logging their first quarter of member losses since 2011, but the real scary part of this is what it means for the market. I go over last earnings season and how it led to a warning on growth stocks and what this time around is showing for Netflix and the rest of the market. The point is, we will see some big earnings misses this quarter and depending on what industries they effect, we may see a delayed reaction down the line. All in all though, with more data to be digested, it is becoming clear that earnings will have a big numbing effect and negative effect depending on how these companies report. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
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