Welcome to Closing Bell up, Scott Wobner Live from Post 9 here at the New York Stock Exchange,

and this make or break hour begins with rates popping, stocks dropping, and now some new questions about the state of this rally.

We'll ask our expert to make sense of it over this final stretch. In the meantime your

score card with 60 minutes to go and regulation looks like that we are right

across the board but I want to show you the intro day at the 10-year note yield

because it started moving up when Fed Governor

Chris Waller suggested rate cuts could come this year but was non-committal on how many

or when they might begin. What happened to stocks they peeled back a bit on that as well. We do have some big

movers out of the Dow today. Boeing shares are sinking. Apple's red on reports of iPhone

price cuts over in China. As far as tech goes, and video about the only bright spot today is its stunning move

continues there. Invidia or that's it right there energy also weak as that gas plunges big time.

Does take us to our talk of the tape whether the bulls are too

optimistic on their outlooks for the markets let's ask one is John Maori he's the

chief investment officer for NFJ group joins us here at post nine.

Welcome back.

Thanks, Scott.

You get nervous as a bull.

I mean, you see what's going on with raids.

The market's been really choppy.

It's on your mind.

Well, I think again, you have to contextualize where we are. I mean if you think back to October of 22, the market was trading at 15 times earnings. Today we're trading at 19 and a half times earnings. So I think that it's very important to contextualize that hey the

market multiple is higher. But that being said you still got pockets of the

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