All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This maker break hour begins with this early year run in stocks with the markets chasing down some major milestones. We'll show you the square card here with 60 to go in regulation. Dow, as you see, is red today. S&P is two. Dow edging ever closer, though, to 50,000. We're tracking that. Nasdaq is green today thanks to nice moves in Invidia and Microsoft, Amazon and Alphabet.

Housing-related names falling. We'll tell you what hammered those names today. Cyber stocks are bouncing. One firm growing more bullish on that group. We have more details ahead.

All of it takes us to our talk of the tape,

this record rally. How far can it really run? Well, let's ask Tom Lee. He is FundStraatz head of research.

He's also a CNBC contributor, and it is great to have you on in this early part of the year. Welcome.

Great to see you, Scott. Mark, it's off to a pretty good start, which was not necessarily unexpected by you?

That's, I didn't have any expectations, but it's always a good sign to be strong out of the

gate, as you know, because what markets do in the first week or so give us a hint for

how markets are shaping up for the year.

Our base case was a rally, maybe to start the year, and then a big correction, and then a rally at the end. A big correction, if not a bare market. I think that you, those are your words, not mine. Yeah, I think there'll be a point this year where it's going to feel like a bare market. Yeah. What about the way that the market looks as the year has begun?

What do you make of it?

I think it's encouraging because we have some breadth, right?

Energy materials are doing well.

The Mag 7 is catching a bit and crypto is doing well, but health care is strong.

Financials, industrials are strong and small caps.

I mean, it's sort of a broad market.

I mean, almost want to say in everything, rally, it's not like tech is doing terrible. It's

just being overshadowed by some of these other moves. The equal weight S&P ETF is coming

off a fresh record high of its own. That says everything about what's driven this market.

That's right. I think for investors and for institutional investors, breadth being good is always a good

sign, actually. Is it sustainable? Is this the way it's going to look for a little while?

Well, I do think there's a couple of sort of macro tailwinds that should help stocks.

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