Welcome to the closing bell. I'm Scott Wopner live from Post 9 at the New York Stock Exchange. This make or break hour begins with a bit of a stress relief for stocks rebounding after the S. V. B. Shock investors now wondering what it all means for the markets the Fed the economy and so much more we'll ask billionaire investor Carl ICON that very question in just a few moments when he

joins us live here's your scorecard with 60 minutes to go in regulation. Major averages, they are all still in the green today.

A really nice day for the Russell, not quite as strong as it was, but nonetheless, that strong regional bank rebound is helping small cap

stocks today in the Russell yields reversing their recent declines as things

stabilize a bit as well there's the two- at 423 brings us to our talk of the

tape. Are we out of the woods for the time being? Simple question, maybe complex

answer. Let's ask Adam Parker, the founder and CEO of Trivariate

research, a

C and be a contributor as well.

It's the question of the moment.

What's the answer?

No.

We're not out of the woods.

To what degree?

Well, I mean, you know, it's multifaceted. I mean, even before this, I'd say a week or two

go, you know, we were telling people, look, you know, everything looks worse than it did

three months ago, right? Valuations, speculation speculation interest rates earnings

expectations all that cocktail you throw in here lack of confidence I think it's a

problem I think everyone I know and I've talked to over the last five days

kind of non-stop is talk to

talk to you over the last five days kind of non-stop is moving deposits out of any bank they're worried about to one of the big three or four.

So is it over just because the things are bouncing thing? No, it's not over. How could it be?

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