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NFLX - Market Volatility Bulletin: Netflix Leads Averages Lower - VIX Retakes The 14 Line
Netflix Inc.
Market Intro
CNBC: 12:27PM
Entertainment behemoth Netflix (NFLX) leads the US large caps (SPY, DIA, QQQ) lower after reporting a surprise loss of paid subscribers in its quarterly earnings call; the stock is down over 10% since yesterday's close. The Russell 2K (IWM) is unchanged.
VIX has inched higher, now holding just over the 14 line as the Thursday afternoon trade session opens.
Thoughts on Volatility
I get the sense that the economic data are coming in with spates of positive and negative data. The jobs report