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Risk-off session: S&P 500 broadly down (~337 decliners). Middle East escalation narrative pushed WTI above $83/bbl. Mega-cap tech (Alphabet, Amazon, Microsoft) sold off around earnings week. Media names weak; Warner Bros. Discovery closed at its lowest since Dec. 4. Mixed media/streaming chatter included higher Netflix price targets post-earnings. Sweetgreen referenced as sliding; IMAX mentioned as having a tougher tape.
Source pitches Sweetgreen (SG) as a short-term long/option trade driven by high short interest (~23%) and a possible short-covering dynamic after another earnings miss; explicitly not a long-term hold.
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