Welcome to Closing Bell. I'm Scott Wopner live from Post 9 here at the New York Stock Exchange.

In just a little bit, we'll be joined by Goldman's Jan Hatzius who's going to reveal his outlook for

2024 right here on our set today. He'll tell us where he thinks stocks rates in the economy are going

to head in the year ahead. In the meantime this make-a-break hour begins with a

reluctant bear no more. A top CIO changing his tune on stocks he'll'll tell us why in just a moment. Here's your scorecard

with 60 minutes to go in regulation. The major averages are trying to extend their

longest winning streak in two years. You can see we got a little work to do as we begin this

final stretch energy stocks there at drag again crude falling further today

take a look there's the X L E and there's W TI below 76 pretty much a mixed picture for the mega caps though as you see their most green

We do have Amazon no modestly in the red the apple run continuing today as for, mostly lower today as well. We'll show you the Treasury

curve there. You've got the 10-year at 452. It does take us to our talk of the tape,

the road ahead for stocks, whether it is finally

time to get more offensive in the market. Let's ask Sebastian Page, he's the chief investment

officer for T-rope Price. Back with us at Post 9 and you are the reluctant bear no more.

I knew this was going to happen. I just didn't know when.

Why did it happen now?

Scott, we bought stocks, we closed our underweight

It wasn't a large underweight. It was a little less than a percent

On October 27th when the S&P went to 4,100, down 10%, with sentiment indicators down by one standard deviation.

I told you I'm waiting for a pullback for a better price.

And these are large portfolios. We bought about 3 billions worth of stock and we were

done by Monday average execution price 4135 and we're now neutral, fully neutral between stocks and

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