Wednesday, 21 January 2026

This Was Coming: The Market Flush & The Netflix Crash

In this video: The technicals don't lie. Following weeks of warnings from Chief Market Strategist Gareth Soloway, the stock market just saw its biggest single-day drop in months. As the 10-year yield continues its relentless breakout, the "complacency" Gareth highlighted has finally snapped.

Today Gareth breaks down the carnage—starting with Netflix (NFLX), which is falling sharply after weak guidance confirmed the slowing consumer narrative. He also analyzes the latest from United Airlines (UAL) and Johnson & Johnson (JNJ). Is this the start of a bigger collapse, or can the markets stabilize here? Gareth reveals the "must-hold" chart levels for the S&P 500 and NASDAQ. Video by Gareth Soloway.

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Netflix (NFLX) is currently trading at $83.46, experiencing significant volatility following its January 20, 2026, earnings report. Despite beating fourth-quarter 2025 earnings estimates, shares dropped roughly 8.5% due to investor concerns regarding slowing subscriber growth and the high costs associated with its proposed $82.7 billion acquisition of Warner Bros. Discovery assets.



Key Insights

--Acquisition Risks: The proposed Warner Bros. Discovery deal is a primary driver of recent bearish sentiment, as investors weigh the risks of taking on roughly $59 billion in new debt to fund the transaction.

--2026 Guidance: Management expects 2026 revenue between $50.7 billion and $51.7 billion, reflecting a growth rate of 12-14%, slightly slower than the 16% growth seen in 2025.

--Content Strategy: To offset maturing subscriber markets in the U.S., Netflix is expanding into live sports (NFL, MLB, WWE) and high-engagement categories like video podcasts.


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