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.

Today’s Session

Jensen Huang is making all the news this morning.

The company is adding $150 billion to its buyback program, bringing the total to $235 billion through 2028.

In addition, NVDA unveiled its Open Agent Safety Platform. I watched the Jensen interview on this, and I think it’s a smart step in the right direction.

Meanwhile, the ten-year yield is rising to its highest level since 2002, and that’s pressuring stocks early this morning.