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Wall Street may classify $NFLX as a communication stock, but lately, the market has other ideas. Its 6-week correlation with $XLY is 3× its 52-week correlation — and stronger than its correlation with $XLC, which actually holds it. Investor takeaway: Sector labels tell you where a stock belongs. Correlations reveal what’s driving it right now. #NetflixQ3AdsAndMargins

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