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It wasn’t that long ago that the Netflix earnings report was one of the biggest events of the earnings season, almost right up there with the likes of Apple. Having lost 77% of its value (!!!) in a matter of months, Netflix has gone from hero to almost-zero. All the same, it’s the biggest item on tonight’s earnings docket.
Yesterday, I decided it was time to get serious about re-entering shorts in a sector that has been a favorite of mine this year, which is energy. Overnight, crude oil seems to have given back some of its “the Saudi Arabi trip was pointless” gains.
