Friday's session was the most hopeful of the week, as buying was widely distributed. I also liked that software (IGV) and semiconductors rallied together.

Bloom Energy Corporation (BE) rebounded after taking a hit midweek from Oracle’s (ORCL) struggles in New Mexico. The rebound underscores the value proposition and immense opportunities in building and powering data centers.

Factors

The green across the factor screen is a positive start, but there is a lot of work to do, given how bifurcated the stock market has become.

History Comes into Focus

Last week, we saw more mentions about the history of the 10-year bond yield, which has seen four decades of bull and bear cycles. Right now, the 10-year yield is at its long-term historical average, and bull markets have coexisted with even higher yields in the past.

Today, President Trump will make an announcement at 2 PM.

This has the hallmarks of a meaningful session.