Good afternoon and welcome to Markets Desk, your midday read on the stories moving money and markets.
Alphabet shares are sitting roughly fifteen percent below the record close they hit in May, and history suggests that may matter to patient investors. Going back through the stock's trading record, pullbacks of that magnitude have tended to recover within a twelve-month window, making the current drawdown a level technical traders are watching closely.
Turning to streaming, Netflix is down twenty-four percent so far in two thousand twenty-six, and the debate over where it lands by September two thousand twenty-seven is sharpening. The bear case puts shares at seventy dollars, while the bull scenario targets one hundred thirty-five. Subscriber trajectory and advertising tier growth will likely determine which path the stock takes from here.
And on the regulatory front, CFTC Chairman Michael Selig is signaling that asset tokenization is approaching a significant inflection point. Tokenization converts real-world assets like bonds, real estate, and equities into digital tokens on a blockchain, and Selig's comments suggest the commission is preparing a framework that could accelerate institutional adoption meaningfully in the near term.
That's the tape. Markets Desk, signing off the floor.
