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In Case You Missed It: Expect More Volatility, Netflix Down After Analyst Praise

Notice that stocks have been moving up in January even when there's no catalyst? Here's why: "This month, with an absence of people withdrawing from the market, the market is going up with very little catalysts," said Jim Carney, CEO of Parplus Partners. Stocks got sold off heavily to end 2018, and now "there's money on the sidelines," Carney said. Plus, he mentioned price to earnings multiples have fallen back towards historical averages, with the average forward price-to-earnings ratio on the S&P 500 currently at just under 15. Friday, all three major U.S. indices were solidly higher, with the Dow Jones Industrial Average up more than 200 points, as signs of easing U.S. and China trade relations have surfaced. Expect More Volatility With the trade truce set to expire in March and the Federal reserve still to tell us more about interest rates for 2019, "I am expecting that there will be some consistent chop volatility in the market," said Carney. "Talk of easing tensions were helping lift riskier assets," said Jasper Lawler, head of research at London Capital Group. "It seems almost impossible to sensibly gauge where US - China relations stand. Yet the market hangs on each headline, highlighting just how sensitive it is to the ongoing trade issue." Netflix On Friday, 14 analysts moved their price targets up on Netflix Inc. , after the streaming giant posted impressive results. To find out why the stock traded down Friday, why Netflix is doing so well, and what the risks to Netflix are going forward, see RealMoney's in depth coverage on Netflix. Follow Jacob Sonenshine on TheStreet or on Twitter @SonenshineJ.

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