Brian, thanks so much. Welcome to Closing Bell. I'm Scott Wobner, live from Post 9, here at the New York Stock Exchange. This maker breakout begins with the Rally's resurgence. The scorecard with 60 to go in regulations looks just like that. The major is all green. Most names within the tech space continue their rebound. NVIDIA is an exception, however. And how about the Russell? Small caps, along with the overall market getting a nice boost today on that headline earlier that Kevin Hassett is the frontrunner, said to be anyway, to be the next Fed share. Rates moved a little lower on that. In fact, the 10-year broke below 4% for the first time since late October. It's sitting right at that level now. We'll watch it closely.

It does take us to our talk of the tape. Don't fight the Fed. That's saying especially notable today on that HACET report and the move in the treasury market. For more on what it all means, let's welcome in our panel. Trivariates Adam's P&C's young Yuma. And requisite capitals, Bryn Tockington. and brin and adam are both cnbc contributors this is great to have everybody with us adam you first i mean we talk all the time

don't fight the fed don't fight the cuts don't fight the hacette maybe the market is thinking about that

today yeah i mean the polly market had him in the lead anyway so i don't know if it's that surprising, to be honest with you.

You know, when I was writing over the weekend, I thought the sell-off last week was not about the Fed getting hawkish because the bond market was really stable.

So, yeah, I think people are positioned in equities because they think the outcome for the Fed is skewed to the dovish.

But at some point, I think 2026 is going to be the year where we get close to being done with the accommodation.

And that might mean the Fed part of the bull case is less compelling.

Did we overdo the worry about AI last week, or what was that all about, you think?

Yes.

And I think we did overdo it.

And I think it was mostly when you decompose it, a couple technical things in the market,

some hedge fund selling, some de-levering, some ETF selling, some short-gamble,

technical stuff, because the fundamentals, I think, are still quarters away from, you know,

showing any weakness.

Young, you're pretty positive on the market, aren't you?

You don't think, I mean, you think the Fed is going to cut in December, right?

Yeah, definitely.

I do think there's a very high likelihood the Fed will cut in December.

Once John Williams came out and gave positive comments about cutting, I think a lot of Fed members

are on the fence, will fall in line behind that, and I think the prediction markets

reflected that.

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