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

This make-or-break hour begins with the rally in stocks and whether the setup for the second half is now in your favor.

Vanage rocks, Avery Sheffield is here with that answer in just a moment.

First, here's your scorecard with 60 minutes to go in regulation.

A nice broad move today.

Industrial, discretionary materials and tech all

contributing more good news on key parts of the economy no doubt helping today new

home sales rising at the fastest pace in a year and consumer confidence blowing

away expectations it leads us to our talk of the

tape the momentum as we make the turn is there enough of it to keep the bulls charging ahead

let's ask Avery Sheffield the co- CIO, and senior portfolio manager of

Vanage Rock right here with me at post night.

Welcome back.

It's good to see you.

So how do you answer that question?

Is there enough momentum in what's been for many surprising first half as we make this turn.

Yes, I'm not I'm not sure.

So from a fundamental standpoint I think the economy what we see is we are seeing

inflation kind of slowing, moderating, even rolling over even going negative in

some categories which should be which is potentially good is a tailwind for consumers.

Great, yes, it's great, it's great.

It's not necessarily good for companies that are experiencing the pressures of that inflation, right?

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