And welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner. We are live from post 9 at the New York Stock Exchange.

This make-a-break hour begins with the market resuming its upward grind, holding with insight of its former peak from about five weeks ago.

Take a look at the major indexes. The Dow has been the standout all day up almost 1% on a day when cyclical stocks are pacing

the gains.

The S&P 500 up about almost half a percent, also to within about half a percent of its old

record close.

The NASDAQ is leading, though it is up a third of a percent.

That index held back a bit by declines in Microsoft, Nvidia, and Netflix, among others.

Consumer-geared sectors outperforming,

despite a soft ADP jobs report,

as investors take heart in some decent retail company results

and look ahead to tax stimulus after the turn of the year.

You see consumer discretionary as well as transports up on the day.

We begin with our talk of

the tape. Is the market right to position for a re-accelerating economy in the coming months?

And how might next week's Fed meeting fit into the Bulls storyline? Let's ask Chris Heise,

Maryland Bank of America, private bank, CIO. He's here. You've got your 2026 outlook

finished up, ready to go. So what's your

plan of attack that you're talking to investors about? Well, right now the momentum, as you already

stated, is this is an elf rally right now on the way to a Santa Claus type of rally.

So we're just beginning this right now. We had a lot of... So they're working on it, you know, you've got to finish it up. Right. They're in the

workshop right now and then ultimately delivery happens later. So why is that the case? Obviously,

...