And welcome to Closing Bell, I'm Mike Santoli in for Scott Lopner.

This make-a-break hour begins with the revenge of the rejects, the unloved and underappreciated

parts of this market that small caps banks

transports all continuing their ferocious come back

started about a week ago against the former mega cap leaders

let's take a look at the scorecard with about 60 minutes to go in regulation.

The S&P 500, look, it's participating, it's up about half a percent.

It would be at a closing record right now, the inter-day closing high 566, for those who are superstitiousitious we're just below that right now the

Dow up 1.8% 700 points 200 points of that or so is united health care up on earnings

now as that composite has been the laggard, that's up only about

one-eighth of one percent. Then there's the Russell 2000. Take a look here, it's continuing,

it's blistering, we're on up three and a quarter percent right now it's up more than

10 percent over five trading days it is at levels not seen for some 32 months it

peaked back in November of 2021 all time.

It ventures across the market outpacing

decliners by a three to one ratio on the day.

So that takes us to our talk of the tape.

Is this all inclusive rally, a breadth breath of fresh leadership or just a particularly aggressive

snapback by laggard groups after a long run of underperformance?

Let's ask Anastasia Amorosa, she's chief investment strategies that I Capital

joins me here at Post 9. Great to see you. Good to see Mike. So I guess on the

spectrum of look this is a head fake short squeeze just a reflex in small caps against large to this is a genuine

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