All right, guys, thanks so much. Welcome to Closing Bell and Scott Watner live from Post 9 right here at the New York Stock Exchange.

And this maker breakout begins with rate fears and whether stocks can withstand an even bigger backup.

We'll ask our experts, including Ed Yardinney, over this final stretch.

He'll join me in just a bit.

Let's show you the scorecard here with 60 to go in regulation.

Major averages continue to track the move in yields.

And as yields have dropped today, stocks have tried to get a little more going. Tech spend the bright

spot. Most of the mega cap names, including Alphabet, are higher in the session. Alphabet, I mean,

Apple, excuse me, a notable exception. We'll have a special report coming up on what that Johnny

I've Open AI deal might mean for shares in the months ahead. It takes us to our talk of the tape. What that so-called big, beautiful bill on the hill means for the markets and those deficit dangers. Let's ask Adam Parker. He's Trivariates founder and CEO, and he's here at Post-Nine. It's good to see you. Welcome back. Is it all about rates?

Is that what you're watching more than anything right now, or what? You know, I just got back from

three days of a bunch of meetings, and I feel like every institutionally investor I talked to is

confused. It's like, on the one hand, flows are positive, there's nothing that's going to kind of break the momentum. People are afraid not to own

equities. And on the other hand, they're worried about Walmart CFO saying prices are going

up 8% in June, and they know there's some impact from the earnings. And so people are very,

I said, afraid to not participate, but talking very negatively. So it's like a very defensive rhetoric, but people aren't positioned there yet.

I feel like there's a lot of tension in the investment world right now.

I'm glad you use the word tension, right?

Because it plays into where I wanted to go next.

You talk about investors.

You talk to investors.

You talk to big institutional investors,

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