The market gets confused in the June/Sept quarters, since June is skewed up and September is skewed down, but that is not obvious from the cashflow reports. It seemed to happen last year too., that the market got confused.
So the market could have thought that today's report meant 'reducing cashflow', but if you ignore the quarterly skews, the more important number is 'traders +24.5% QoQ'.
Ann: Quarterly 4C and Activities Report, page-17
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