NFLX Highlighting Valuation Concerns in Earnings, FOMC Expectations Waver

Kevin Hincks reports from the Cboe Global Markets to discuss his takeaways from the start of earnings season. He calls the overall trend strong but makes the case that overvaluation is hitting stocks like Netflix (NFLX), which traded lower despite its strong report. Kevin also notes a "quiet" period coming for the Fed ahead of its interest rate meeting at the end of July. He still expects a pause but believes a cut will come in September.

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