The Market is feeling strong like a bull!

What a way to finish the week!

Hence, 83% of the S&P 500 rallied on Friday, and there was only one “loser” as investors chased performance and sought out value. Broadcom (AVGO) has enjoyed the second-best stock performance over the past five years, so to call it a loser is ridiculous. I think the shares will resume moving higher.

Meanwhile, the best performer of the past five years came on like a champ on Friday. Palantir Technologies (PLTR) slumped in sympathy with Tesla (TSLA) on Thursday, but swung back to the top of the advancers list, as it's unlikely they will lose any government contracts.

Consumer factoring stocks are storming back as well—don’t miss out because of tariff hype. I’m spying on airlines closely.

Small-Caps Ready for Big Moves

I will go deeper into small-caps in Payne’s Perspective today (for a copy, reach out to your representative or research desk). The main message is that they act like coiled springs ready to pop.

When I started on Wall Street nearly 40 years ago, I learned that you never trust a Friday rally. I think this was mostly true for a long time, but in this era of fear and loathing, the ability of the market to rally against negative headlines and non-stop warnings of doom should make us feel great and be comforted by Friday rallies.

Today’s Session

Bias remains to the upside.  The Street is watching the meeting between trade reps from the United States and China.

Be careful of pieces that will suggest the meeting went nowhere - the Street is still short. The next leg up will trigger major short squeezes.