24 January 2022 - Weak Ahead, "Sell the Rumour" | Netflix Flops Global markets sold off on Friday, as US markets (S&P 500 index -1.9%) continued to plummet with investors braced for the Fed’s meeting later this week. Last week saw stock experience their worst week since early 2020 (the US market index was down 5.7% in a shortened week) when the outbreak of the pandemic hit markets. Technology shares bore the brunt of the sell-off amid shaky earnings announcements and prospects for higher US interest rates. All sectors were down except for Consumer staples, which managed to hold flat. Tech stocks continue to slide lower led by Netflix (-21.8%) the first of major technology stocks report providing weak guidance, triggering competitor Disney to slide -6.9%. Microsoft (-1.9%) and Apple (-1.3%) were also down ahead of their earnings result later this week. European Markets (Stoxx 600 index -1.9%) were also so...