Mr. Rovelli did not comment on Netflix, the comments came from the research firm.

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Correction: A previous version of this post named Dave Rovelli, head trader at Canaccord Genuity, as the analyst who commented on Netflix.

FORBES: Queue-Tips: Netflix Recovering From Momentary Lapse Of Sanity

The story begins in 1990 with the death of Angelo (Nino) Rovelli.

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Italian authorities arrested Munari and Nino Rovelli's youngest son, Oscar, on money laundering charges in January and asked Uncle Sam for help in recovering the funds.

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"What matters is that the economy is growing, and there's been so much money coming into the market each week that it's going to be real hard to have a bad selloff, " Mr. Rovelli said.

WSJ: U.S. Stocks Rally

Dave Rovelli, managing director of U.S. equity trading at Canaccord Genuity, said that the data points were the focus of the day's trading, but that neither challenged his view that the economy is growing slowly but steadily.

WSJ: U.S. Stocks Rally