Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.

This maker breakout begins with questions about the rally, whether it is running out of steam as the year comes to a close.

We'll ask our experts that very question over this final stretch. In the meantime, there's your scorecard with 60 minutes to go and regulation.

It's been a pretty uneven day for stocks today. The market's still focused on the path for interest rates. They are a touch

higher today. Thus were mixed. Nasdaq leading, Nvidia, meta, alphabet, Tesla, they're all green today.

Otherwise, a pretty even split for the sectors. It does take us to our talk of the tape. Is there

less reason to be bullish this market? Let's ask Chris Harvey. He is head of Equity Strategy at Wells Fargo Securities back at post nights.

Good to see you.

Good to see you, too.

How would you answer that question?

Less reason to be bullish?

No, I think in the short term you're a little less bullish.

The Fed didn't quite cancel Christmas, but they did cancel the Santa Rally.

But if you look at it, you still have the same things in place. You have a stronger economy, you have good fundamentals. The Fed is going to ease next year.

MNA activity is going to start to come up, and we're having a loose regulatory environment.

So it's all still there.

It's just in the short term, you have a little bit of volatility, and that happens.

All right, let's take this piece by piece, because the Santa Claus rally is technically supposed to start tomorrow going to the first

few days of the year. But you're suggesting you don't think we're going to get it. No, I think,

you know, our price target is still around a little bit higher than 5,800. We're slightly above that.

I think that's about right. 58. 58. Yeah, 58. I'm sorry. No, no, that's fine. You said 50 yet. I'm just making sure I heard you right.

Yep.

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