Welcome to Closing Bell.

I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.

This make-a-break hour begins with the great debate over stocks and earnings.

Why Mike Wilson says things are still too optimistic on both fronts, well Edyard-ardenny suggests in a new note the near

opposite that the sky actually isn't falling. And guess what? You're going to hear

from Mr. Yardenny in just a little bit. In the meantime meantime your scorecard with 60 minutes to go now in

regulation the Dow looking to extend its four week winning streak seeing modest

losses for most of the day today there it is virtually flat right now industrial and

financials among the better sectors in a bit of a sideways tape as we said

tech a touch weaker Nasdaq there you go it's a bit lower as well. Yields are rising across the board.

It does bring us to our talk of the tape, the best start to earnings in some 20 years and

whether a huge week ahead can hold the momentum.

Let's ask Adam Parker, he is the founder and CEO of Trivariate

research, a CNBC contributor.

I mean, we have been off to a good start.

So far, banks, you know, gave a little love rather than the opposite.

You feel any better than you have?

Well, you know, it's one of those, you know, if I told you you were going to make a bunch of

money and then I told you a couple months ago

it would be a lot less than I beat that a lot less by a little, I guess you're okay.

I mean that earnings revisions during the first quarter were down in every single sector in the market,

down six, seven percent from Gen 1 to March 31st.

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