...Netflix in after hours -4.77% despite beating earnings and revenue estimates and subscribers jumping 16%, it was the forward guidance that underwhelmed expectations as well as its indication that it would no longer be providing quarterly subscriber growth info, remember Tesla did the same with its production data, we can only deduce that forward growth is likely to be a problem.
Netflix earnings have been a key inflection point for the market twice in the past year. Now Tech is at key support going back to January when Netflix earnings tested this level. Also note that CPI tested this level twice. https://x.com/SuburbanDrone/status/1780949523654709519
...but meanwhile no one wants to miss out when the rally didn't look like a flash in the pan. So they got out of safe money market fund in pursuit of higher returns. Probably just about the wrong time.
