Kel thanks so much welcome to closing bell I'm Scott Wapner live from post nine here at the New York Stock Exchange

this make-o-break hour begins with the rebound in stocks which have now gotten all of last

Monday's losses back and then some it's been a remarkable turnaround led by Tech which has

some wondering whether that trade is now back as well along with the markets at

large. We're going to ask our experts over this final stretch. In the meantime

let's check out the scorecard with

60 minutes to go in regulation. It's a strong day today and there it is the

NASDAQ leading by two and a third percent. S&B good for one and a half

percent. There's the Dow trying to push back towards 40K.

All because of softer than expected PPI report sent stocks higher and they've held those gains

even added to them throughout this day. By now you know about the big story of the day,

Starbucks CEO out. Chipotle CEO now former because Brian Nichols

going to take that job. Starbucks having its best day ever. Chipotle that's

worst in years though it is coming off its worst levels too.

It does take us to our talk of the tape, finding opportunity in this market.

Our headliner was doing just that a week ago when stocks were sharply lower he called into closing

bell last Monday and told us as much well black rocks Rick reader is back with us now

he's the firm's CIO of fixed income and the head of the global allocation team

it's good to have you back.

Thanks for having me.

You sat down and you said we've been selling.

I'm a seller.

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