TSMC growth narratives are still bullish - but the market already knows, so hunt for the next incremental datapoint
The Opportunity
The upstream direction is LONG because the mechanism is supplier-side growth/allocation strength, but the lifecycle is spreading with decaying edge, routed to propagation_monitor. That means the basic bullish narrative is likely consensus. The only way to make money here is to find the next surprise: mix, pricing, packaging capacity, or an allocation constraint that is not already syndicated.
The Timing
What would upgrade this to TRADE is a discrete, dated datapoint that changes the slope of expectations (not just confirms them). In Bearish 72 conditions, even best-in-class compounders can trade poorly if the tape is risk-off. TSM last printed $353.13 (-4.3%), which is consistent with broad de-risking rather than an idiosyncratic growth repricing in this snapshot.
The Evidence
No hydrated evidence URLs are included for ED-005 in the routed 7A object (hydration_integrity upstream is weak). We therefore anchor strictly to upstream state: LONG direction, catalytic propagation posture, and decaying edge.