All right, Kel, thanks so much. Welcome to closing bell. It's Scott Wapner live for Post 9 here at the New York Stock Exchange. This is make a break hour begins with this market on the move again. And what might upset this comeback for the ages? We will ask our experts that question over this final stretch. Stock's now positive for 2025. The S&P is. Here is your scorecard with 60 to go in regulation. Major average is extending

their gains this week even after a retail sales report showed consumers barely spent in the

month of April. Yields dropped a bit on that news, which probably helped a little bit today for

stocks. Still somewhat defensive too. Staples and utilities are the best sector today. Nice gains

across the board for those two spaces. Elsewhere, how about United Health? Those shares sharply

lower on reports. It's now the subject of a criminal probe by the Justice Department over

possible Medicare fraud. We will track those shares into the close today down some 12%. It does take us to our

talk of the tape, this run in stocks, and whether the recent backup and interest rates is something

to start worrying about. Let's ask Chris Harvey. He is the head of equity strategy for Wells Fargo

Securities back here at Post 9. It's nice to see you. Good to be back. I always talk about the fact that you've been

really optimistic. You have a high target still. You were not moved enough to reduce it. No.

Thought we could still do some good things in this market. But now we have rates backing up. You got your

eye on that? We do have our eye on rates. What we're worried about is what is this telling us? Is this telling us

that recession is a lower probability or is this telling us that we have a problem with a deficit?

And if it's a problem with the deficit, this can keep going. At the end of the day, we are seeing

rates come in a little bit on some of the economic numbers, but it's a concern, it's a worry.

What about if it is in fact the latter latter concerns about this ever-escalating deficit?

We're talking about a budget on the hill, close to the finish line on that, and it's going to

be an expensive price tag.

Is this the bond market saying, whoa, a little too high?

I think so.

I think the bond market's saying, guys, we need to do something here, right?

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