The buying opportunity everyone is waiting for is here at last. Selling off because ‘spending more to meet demand’. Isn’t demand a good thing? The market is quite short sighted some times but then again narratives are just constructed to explain markets which actually do its own things.

Longbridge - Captain's Watch
Captain's Watch

☕️ [Task Coins Giveaway] Daily Market Talk — TSMC Beats, But Chips Bleed

TSMC crushed its quarter and raised its outlook, yet the whole chip complex got dumped anyway, because it also jacked up how much it plans to spend. Memory took the worst of it (SK Hynix -13%, SanDisk...

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