TSMC Printed the Cycle’s Best Quarter — the Tape Has Been Selling Records All Week

Signal week, day four — companion to this morning’s Morning 10, written as US futures digest the print and before New York opens.

The print: everything above the bar, and the bar was high

TSMC’s Q2, released at 08:00 CET: revenue of $40.2 billion, up 33.7% year over year and at the very top of the company’s own $39.0–40.2 billion guide. EPS of $4.31 against estimates near $3.90.