𝗦𝘁𝗿𝗮𝗶𝘁 𝗼𝗳 𝗛𝗼𝗿𝗺𝘂𝘇 & 𝗡𝗲𝘁𝗳𝗹𝗶𝘅, 𝗜𝗻𝗰 : 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗿𝗲𝗹𝗶𝗲𝘃𝗲𝗱, 𝗯𝘂𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲𝘀 - 𝗔𝗽𝗿𝗶𝗹 𝟭𝟳, 𝟮𝟬𝟮𝟲 🟢 +𝟮𝟰% 𝗶𝗻 𝟮𝟬𝟮𝟲 𝗚𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗲𝗮𝘀𝗶𝗻𝗴 The announcement of the reopening of the Strait of Hormuz by Iran triggered a clear relief across financial markets. Immediate impacts: European indices up (CAC 40 +2%, DAX +2.3%) VIX (fear index) down Sharp drop in oil prices (WTI -10%, Brent -7%) 𝗡𝗲𝘁𝗳𝗹𝗶𝘅: 𝗲𝗻𝗱 𝗼𝗳 𝗮𝗻 𝗲𝗿𝗮, 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗻𝗱𝗲𝗿 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲 The departure of Reed Hastings, co-founder and cornerstone of Netflix, marks a major turning point after nearly 30 years leading the company. The stock drops sharply -10%, in a context of: Rising production costs Increasing competition (studios retaining their content) Advertising below expectations Fragile international growth The key challenge is no longer subscriber growth, but revenue per user. $NSDQ100 $SPX500 $NFLX $AL2SI.PA ⚠️ 𝑅𝑖𝑠𝑘 𝐷𝑖𝑠𝑐𝑙𝑎𝑖𝑚𝑒𝑟: 𝑇ℎ𝑖𝑠 𝑖𝑠 𝑎 𝑝𝑒𝑟𝑠𝑜𝑛𝑎𝑙 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑦, 𝑛𝑜𝑡 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑐𝑒. 𝑊ℎ𝑒𝑡ℎ𝑒𝑟 𝑦𝑜𝑢 𝑎𝑝𝑝𝑙𝑦 𝑖𝑡 𝑜𝑟 𝑛𝑜𝑡 𝑖𝑠 𝑒𝑛𝑡𝑖𝑟𝑒𝑙𝑦 𝑦𝑜𝑢𝑟 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛. 𝑃𝑎𝑠𝑡 𝑝𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒 𝑑𝑜𝑒𝑠 𝑛𝑜𝑡 𝑔𝑢𝑎𝑟𝑎𝑛𝑡𝑒𝑒 𝑓𝑢𝑡𝑢𝑟𝑒 𝑟𝑒𝑠𝑢𝑙𝑡𝑠.