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

And this make a break hour begins with a market melt-up.

Why Ed Yardenny says this current one will take stocks even higher into the end of the year.

He just raised his target. He'll be here in just a moment to discuss.

In the meantime, check out the scorecard with 60 minutes to go in regulation.

We're going to start with the Russell today, which is ripping to say the least. This could be the best day of the year

for the small caps today after that's softer than expected

CPI report, yields falling, and that is why that trade is working so well today.

Take a look at biotechs and regional banks as well because they're having a great day

too. It's all part of the yield story, the value trade story, but it is a down day for big tech.

There's names like Apple. Well it's seven day streak looks to be running out of

some gas today. How about Tesla? It was down earlier on a report about a

delay in its robot taxi plans. We'll keep an eye on that stock as well today.

Delta is taking a big hit after its guidance came in lighter than street expectations as well.

Takes us to our talk to the tape, even higher stocks.

That is the call today from Ed Yardenny.

He joins me right now.

Ed, welcome back, so nice to see you.

Thank you.

Thank you you Scott.

CPI better than expected. Yields fall. We see parts of the market going up pretty sharply today.

What do you make of it?

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