The steep selloff that the Netflix stock witnessed last week is quite a salutary lesson for investors about the issues now confronting the US tech sector.

In other words, US equities were simply seen as overvalued. Indeed, we have emphasised earlier that recent asset manager studies of future 5- to 10-year returns have shown that US equities would likely trail Global ex UK equity market returns by two to three percentage points per annum. We are seeing a slow but steady unravelling of part of the overvaluation and overexuberance that the US asset markets have come to see over the previous two years. European equity markets fell sharply on Friday, but the UK equity market is still up for the year. However, while US equities had a rather dismal week, the experience was not as uniform across other global equity markets. The US equity markets witnessed one of the worst weekly declines in recent times with the S&P500 dropping 5.6% and NASDAQ plunging 7% to leave the markets down 7.7% and 12.0%, respectively, for the year. Ukraine is a key geopolitical risk that could hold Europe in check.Ěsia, in particular, could do well if the re-opening trade takes hold as countries follow the UK’s lead of no masks and no social distancing.Netflix share price drop fully justified.US equities, particularly tech was very fully valued.US equity market sell-off shouldn’t be taken a marker for all equity markets.It deserves more love than it has gotten.

Sanctum is a solid survival movie that is both interesting and exciting. To further stir our emotions, the soundtrack is lovely and compliments scenes very well. There is a storyline about the strained relationship between a father and his son which gets our feelings involved. The cast is what they need to be to tell this story. While many cave movies keep things dark and claustrophobic, this movie gives us a cave that is both beautiful and impressive in size. Not only are there numerous underwater passageways to navigate with limited oxygen, the crew is pushed forward by flood waters rising from the storm. After a storm blocks the way out for a crew of cave explorers, they must go deeper into unexplored areas of the cave in search of a way out. It is exciting and suspenseful as a realistic cave story that is based off of a true story. This movie didn't have or need any cave creatures or supernatural threats. A big cave, a big soundtrack, and a big adventure.

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