Incredibly persistent uptrends won't always dominate the S&P, but just at least for today, it was normal and expected (as you know), as 'at least' time for an interim reprieve for mega-caps recently hit. It required Fed Chairman Powell to be affirmative about a friendlier Fed (he was), and smaller caps to hold together albeit calmer.

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We got that, we got a huge Army 'hardware contract' for Palantir (which will benefit the BigBear side of battle-space management), and I'll touch more on that later. Long interesting, and affirmative of my digging into what they did (could have saved time had I known much was in an older interview...oh well...at least we grasped it early).

While Chairman Powell sort of said the Fed's not 'yet' ready to cut rates, how he said it implied they don't need more favorable inflation data, just 'more of the same' data, which implies just stay calm and the cut will come around.

I'm not believing the market 'requires' that, but smaller stocks needing funds of course care more about rates and even more than that about 'availability' of liquidity, as tends to happen during easier monetary policy environments.

Market X-ray: 

Fairly neutral upward consolidation, most important while not directly recognized as benefiting BigBear (BBAI), was the Titan contract from the U.S. Army. It's a milestone to have a software company as 'prime contractor', and when you look into the specifics, it's right up the alley of what we first did note with USAF 'management programs', then 'task forces' for the U.S. Navy both Palantir (PLTR) and BigBear are working on, changing the face of warfare.

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