NFLX

Stocks started out strong – but ended the day off their highs. Earnings continue to beat and the ones that do not get punished. NFLX will no longer re.

return to pot – now mix with the butternut squash -if the pasta sucks up all the sauce, then add in a bit of the pasta water to re-moisten – Serve immediately in warmed bowls and garnish with a bit more of the Parmegiana. The market commentary is for informational purposes only and should not be deemed as a solicitation to invest or increase investments in BJAM products or the products of BJAM affiliates. BJAM does not undertake to advise you of any change in its opinions or the information contained in this report. The initial focus will clearly be on the housing data – but weakness is EXPECTED so that should not be a huge surprise unless of course the data is a HUGE surprise! Boil until the squash is soft – when done – use a masher (or one of those handheld puree utensils) to mash the squash... Add enough stock to cover the squash (as this becomes the sauce for the pasta). That was a bad decision….the story was about what this year’s estimates were (and they knew what those estimates were) – they should have pre-warned a week ago and if they did – my guess is that investors would have reacted negatively then, but not nearly as much as they did yesterday….So – let that be a lesson to anyone else that is going to surprise on the downside! while the October low of 3585 is below the June low of 3660 - confirming the lower high/lower low pattern……Yesterday’s Capacity Utilization number came in at 80.3% ahead of the expected 80% and that suggests ongoing inflationary pressures while next week’s PCE report is expected to show the same….which only supports the move to raise Investors took the stock UP 10% in the after-hours session and this morning it is quoted up $30 at $270/271. – I mean it is not like they did not know they were going to disappoint, or they were going to delay the launch….…. The dollar index also found buyers in the morning – sending it higher- which is what helped to put pressure on stocks before IT came under some pressure allowing the algo’s to keep the stock rally alive. proving that investors continue to find safety in the name that pays a 2.7% divvy as well.