One hour left to be specific. Welcome to closing bell. I'm Mike Santoli, in for Scott Wapner today.

This make-a-break hour begins with stocks scaling the summit for a second look. The S&P 500 trudging,

with an easy sight of its former peak set more than four months ago on some refreshed enthusiasm for the AI story,

relief that uncertainty has receded on the geopolitical

front, and growing expectations that the Federal Reserve will see its way clear to cut interest

rates into a still, steady economy. Take a look at the scorecard with 60 minutes left in regulation.

There is the S&P 500 at 6138, the closing high of 6144 back in February, just over a couple months ago.

The NASDAQ 100, four months ago, actually, is already at a new record high.

And you see it adding to those gains from yesterday, but almost 1%.

Amazon, Nvidia, meta, pacing the climb there in the NASDAQ.

Treasury yields have been easing back further, led by the two-year maturity as markets price-in-fed rate cuts,

as the president reportedly considers naming a successor to Chair Powell before too long.

Which takes us to our talk of the tape.

So is the market sending an all-clear signal on the economy and the policy path ahead,

or is it time again to start looking out for what might trip things up? Let's ask BlackRock,

Rick Reader, he's CIO of Global Fixed Income and head of the global allocation team there. Rick,

great to have you. Thanks for you. Yeah, I appreciate it. What's your read on what we're

getting from the markets here?

I mean, it feels like this is how the markets trade when kind of soft landing, risk has been mitigated,

and people are kind of jazzed up by the opportunities and growth.

You know, so I would add to that.

You also have, you know, you had this period of the markets were in the sense of stasis,

...