And welcome to closing bell. I'm Mike Santoli, in for Scott Wapner. This make-a-break hour begins with stocks fighting to break even for the week as swift rotations continue to churn under the surface. Policy trial balloons fly and investors prep for earnings reports to accelerate from here. Here is your scorecard with 60 minutes remaining in regulation. The S&P 500 just above the flat line remains unable to surmount that 7,000 threshold.

We've had about five approaches within a half a percent over the last six trading sessions.

Not quite there.

NASDAQ, not much better, still up about the same amount.

Russell 2000, though, continues to outperform with the fast money

hunting for highly leveraged plays on an economic upturn and some speculative

themes. For the week the equal-weighted S&P is solidly positive and semis have been a

standout both today and for the full week that story has re-engaged for sure.

Ten-year Treasury of meantime is pushing to a four and a half month high.

It had been capped by about the 4.2 level for a while, now close to 423. We begin with our talk of the tape.

Is the consensus 2026 trade for a broadening market geared for a cyclical upturn intact, oral policy flux, and perhaps

higher rates complicate that story.

Let's ask our panel.

Investco is Brian Levitt, CNBC contributor requisite capitals, Bryn Talkington, and Ned Davis

research is Ed Clishold.

Welcome to you all.

Brian, you heard the setup there.

I mean, from one perspective, you know, we started the week with this, you know, something of a bombshell about, you know, maybe a threat to Fed Independence Sunday night.

Market sales off comes back.

We've kind of absorbed a lot of these volleys, right, the credit card rate cap and all the rest of it.

So I guess you could look at it as resilience or we're kind of stuck.

I would look at it as resilience. Yeah. There's a lot to like about this market.

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