And welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

This make a breakout begins with a big day for big tech. The AI trade taking center stage once again.

It is certainly helping the NASDAQ today outperform the other major averages.

Also fueling the S&P 500 today, which is heading towards a new record close.

We will watch that closely over this final

stretch. 60-90 was the old one. We're above it now. We'll see what we do over the last

59.5 minutes. Otherwise, pretty mixed day. Breath, not so great. Rates creeping up. That's put the

hurt on the broadening trade a bit, especially the Russell 2000.

There it is, down one-a-half of 1% not participating at all.

Netflix, a big winner today after its blowout earnings.

That's stock hitting a new record high.

It does take us to our talk of the tape.

The bull market's next move.

Let's ask our experts where stocks are likely to go.

Adam Parker, founder and CEO of

Trivariate Research, Stephanie Link, chief investment strategist and portfolio manager with Hightower,

and Lori Calvacena, head of equity strategy at RBC, Stefan Adam or CNBC contributors. Welcome everybody.

Lori Calvacena, I begin with you. You have a target of 6,600 on the S&P 500 for this year. 10%. I guess we take that. Why just that?

Well, look, valuation is a pressure point, right? And valuations are not an end-all, but I do think it's going to be difficult to really get a whole lot of multiple expansion out of this market going forward. Now that doesn't need multiple, mean multiples necessarily need to collapse.

But I do have a hard time making the math work too much better than that 6,600,

and frankly even a little bit lower than that when I'm looking purely at my valuation model.

I can get to those kinds of numbers and even a little bit higher on other models, but valuation is problem what do you think adam on a day where jamie diamond says of the market i think asset

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