What happened to AVGO is not an isolated case and it is becoming a norm for outperformance to be a catalyst for a post-earnings rally. The market has already priced in their lavish expectations and these recent earnings just played out the expected without further surprises. As long as the expectations cannot be extended further, folks may choose to lock in their gain and rotate out their funds since further upside may be capped. So what does this mean? Could it be that the narrative driven euphoria is ending and a more grounded revaluation will happen any time given the macro and geopolitics are tensed now?