And welcome to closing bell. I'm Mike Santoli in for Scott Wopter. This make-or-break hour begins with

Stocks struggling to keep their head above water for the week against the undertow of a bond sell-off and

faltering big tech leadership. The S&P 500 on the way to a seventh down day in the

last 10. You see it off about half a percent right now, though without much damage done in all. The index off only fractionally for the week at this

point and less than 2% from its record high the 10 year Treasury yield near its high for the

year as the street absorbs higher than hoped inflation readings in

recent days and suspense builds over the Federal Reserve's meeting and message

next week. You see a tenure there at 4.30. Small Cap Russell 2000 has been up slightly today but off 2% for the week.

We have some soft guidance from Adobe that's weighing on the software sector, pulling down the NASDAQ by almost 1%.

Well, Energy shows some pep on a strong run for crude prices this week, all happening on a big quarterly expiration

session featuring

some heavy index rebalancing at the close in less than an hour as well.

Which takes us to our talk of the tape.

Is all this churn just about an overhear even eating market cooling off a bit after a

rapid sprint higher or is it the start of what would be the first notable broad

pullback in some five months we pose this question to Malcolm Etheridge,

CIC Wealth Executive Vice President and the CMBC contributor.

Good to see you. Welcome.

Yeah, good to be here.

So, you know, we're up 16 of 19 weeks in the S&P.

Haven't had a 2% pullback on a closing basis in one of the

longest stretches in history, which leads you to say, okay, we're due for some chop.

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