And welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner today.

This make-a-break hour begins with a reflex rebound on Wall Street as buyers show up to nibble on stocks at a slight discount to their recent highs after the index's sharpest drop in almost six months.

With President Trump walking back some aggressive trade

rhetoric toward China and another wave of deals

to excite the AI trade, the S&P 500 and NASDAQ

have recouped, call it 60% of Friday's decline at this point.

Semiconductor giants, Broadcom, and NVIDIA

in a familiar spot leading this rally.

You see Broadcom up nearly 10% on the day.

While gold shows no quit, melting up another 3%

as risk takers embrace the ultimate risk off asset.

You see gold at 4121 an ounce,

which brings us to our talk of the tape.

Was Friday's gut check a one day wonder to refresh the rally

or a warning of some fragile conditions lurking under the surface?

Here to weigh in is Brian BELSkey, BMO Capital Markets Chief Investment Strategist.

Brian, good to have you on.

I think I pretty much can guess where you come down on whether this was a viable dip or not.

But tell us what the market was registering on Friday and maybe what we're looking past now.

Well, thanks so much for having us.

I think this actually is the Duran Duran Snap Back.

If you remember the song, The Reflex, that just came to me.

...