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

and this maker breakout begins with a new and more bullish outlook from one well-known market watcher. He's sitting on my left. He's Chris Harvey. We're going to bring him in in a moment with his big new number for the S&P. Let's show you the scorecard, though, with 60 to go in regulation. We're mixed now. The market's been a little

volatile this afternoon. Dow's still green, S&P and Nazar Red, Russell getting a little bit of a

lift. We're kind of looking at everything today. We're looking at oil. We're looking at yields.

We're thinking about NVIDIA after its earnings report. And what that means to the AI trade in

general, the stock usually doesn't do too much on the backside of the print, not doing after its earnings report and what that means to the AI trade in general.

The stock usually doesn't do too much on the backside of the print.

Not doing it yet again.

We'll watch it.

Arm is, arms higher.

Apple, meta, alphabet, Amazon, well, they've been higher as well.

Oh, alphabet as you see as the market's taking a little bit of a dip as following suit there too.

Walmart shares down sharply after its earnings and cautious consumer commentary.

We'll keep an eye on that name.

And now we've learned a lot more about that SpaceX IPO, learning more about its business.

We'll talk to top venture capitalist, low Tony coming up on whether you should buy into that IPO. It does take us to our talk of the tape. Growing more bullish. As I said, that's what Chris Harvey of Wells Fargo Securities is becoming today. Oh, oh, yeah, C-IBC. I'm sorry, thank you. That's okay. What happens? We didn't catch that. Not to me, but that's my bad. Your new gig. Are you okay? Yeah. Can you continue? I mean, I recovered okay. Are you all right? I'm fine. All right. C IBC Capital Markets, the managing director and the head of equity and portfolio strategy. Yes, I am. All right. We saved you. All right. Saved you. Save you. Save me. We're good. All right. So you raise your outlook. Yes.

8,020 from 7450. Yep. Why? Why? Because earnings were so much better than we expected. When we put the numbers together back in November, we thought things would peak about mid-year, that's not happening. And we thought

we'd see a deceleration in 27? I don't think that's happening either. In addition to that, the macro

factors, oil and rates, we think they're skewed to the downside. If you look at oil, if we're

deadlocked, if we don't go much further, you'll have incremental gains up. We get some sort of resolution. You're going to see a big, a meaningful drop down. And the same thing for rates. In addition to that, rates, 10-year yields got to 470, they couldn't break equities. Yeah, part of your point is that bonds gave stocks their best shot, or yields did, and the market was able to withstand that.

They were Teflot, at least for now.

Well, for now, but what pushed up yields was real rates, and those aren't as sticky as break-evens.

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