The big earnings announcement after the close today were fascinating. Take Texas Instruments, for example. Semiconductors have been stark raving mad lately with bullishness, and judging from the initial reaction to TXN, it looked like more gasoline on the fire. But check out what happened soon after.
Liquidity moves markets!Follow the money. Find the profits!
Oddly, I noticed the exact same thing with Snap:
Edwards Lifesciences, another reporting firm, didn’t even have a lurch higher. It just went down from the get-go.
Same with iRobot:
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