Let's have a look at the big stand out on
the stock market this morning.
That happens to be Netflix.
They turn in a very good report yesterday and the
stock is now up 9.6%.
That is an enormous gain.
Kenny Pokhari with us this morning.
Kenny, you're not impressed with Netflix's content, but I'm sure
you're impressed with the stock.
Yeah.
How can you not be impressed with the stock?
It's up, you know, nearly 10% this morning after yesterday's
blockbuster Blockbuster report.
It's up 55% year to date.
So it's a great performer.
Don't get me wrong, it's a great stock.
I don't own it.
I just never owned it.
It's not, it's just not in my space to of
names that I, that I, you know, consider having in
My Portfolio.
But I'm not saying that it hasn't been a good
investment.
It clearly has.
And their report yesterday, you know, discusses what their future
looks like.
It was very bright.
Look, I I like Netflix.
I like watching the things on Netflix.
I've been a little bit disappointed of late, but, you
know, that's me.
What's wrong with the content?
They're beating everybody on content, even I Yeah, I hear
you.
I hate, well, I watch it, but I, you know,
when I'm looking for something really interesting, I just haven't
been blown away with maybe I'm missing it.
You got something I should watch because I haven't really
been blown away with some of the content on Netflix.
Doesn't make it.
I I still watch it.
I have it.
But you know, I just search for something.
I'm not really, I'm not really super impressed, but that's
but that's me.
All right, let's let's get back to the stock market
and the rally, because this is a rally.
Maybe the Dow's down a little bit now, but we
have series of highs for the Dow and for the
S&P.
Those new highs have coincided with Trump's upward movement in
the polls.
Could you call this a Trump rally?
I absolutely think it's a Trump rally.
I think that's what the market is telling you, that
it's expecting a Trump win.
That's not necessarily expecting a sweep.
I'm not suggesting that, but it is just expecting, I
think Trump to be at the top of the ticket,
the guy that's going to move into the White House
next.
I think that's what the markets tell you.
I also think, look, I also think that the market
is responding to better economic data, right?
The the data is not as weak as as JJ
Powell told us a couple of weeks ago.
So I think the market is OK with the idea
that, guess what, we may not get a rate cut
in November, but that's OK because the labor market is
strong, the eco data is strong.
We're not going off the edge.
Inflation tends to be trending lower.
So I think that's also part of it, right?
I also think the market likes the idea of divided
government because that's entirely 100%.
You know, I mean, it's 100% looks like the Republicans
could get back and take control of the Senate.
And if they do, they can block an awful lot
of the radical stuff 100%.
And look, and and let's hope that that happens on
both sides because if she wins, you still want to
have a divided government to control her as well, right.
Yeah.
So the market likes the fact that it's controlled.
The market likes the fact of a divided government because
then if somebody, neither candidate can go way left or
way right.
And that's actually a good thing, not only for the
country, but for the market.
All right, Kenny, Paul Cara, you have a good weekend.
We'll see you next week.
You as well.
You got it.
Bye.