The major averages adding more losses after Wednesday's big sell-off, though we are well off the loads of the session in the last couple of hours.

This is the make or break hour for your money.

Welcome to Closing Bell, I'm Mike Santoly.

Sarah Eisen is at the World Economic Forum in Davos, Switzerland.

Here is where the market stand right now.

The S&P 500 down only about 11 points.

It's roughly not even a third of 1% earlier. We were down close to 1% at 3,900 level.

We have bounced off there a little bit. The Nasdak also an outperformer for much of the day.

It's about in line with the overall tape at the moment.

Ten-year Treasury has stopped going down at least for a day trying to find some

support around that 3.4% level. Coming up today on the show, celebrated investment banker Ken Molis joins us for a rare interview

from Davos.

Last year he said a recession wasn't coming.

We'll get his updated outlook.

Plus his thoughts on M&A, Activism, and much more

And here is where the markets are situated. We have been giving back some of that 4%

two-week gain in the S&P 500 coming into this week.

In fact, they've given back roughly half of it, though we have firmed up in the

indexes after we got some comments from Lael Brainer of the Fed that perhaps she wasn't in as much

of a hurry to have big rate hikes, some more balanced view there.

And you see where this little pullback is so far settled out, 3,900 on the S&P.

If you want to draw a little bit of an uptrend line from October,

...