Stocks closing high are led by tech with the S&P and Dow snapping three day losing

streaks that is the scorecard on Wall Street but the action is just getting started

welcome to closing bell overtime I'm Morgan Brennan with John Fort.

On today's show, a nice variety of earnings in chips retail software.

We're going to hear from Broadcom Lou Lemon, DocuSign, R.H. and more.

Plus, former Fed Vice Chairman Richard Clarita joins us ahead of tomorrow's Key Jobs Report

and next week's final Fed decision of the year.

Also CBI.

Yeah, that too, to the market action for now, mostly higher session after a string of losses this week.

Yields and oil were subdued today, but look at the action in tech. The Nasdak led to Gaines, A&D an alphabet that's of course Google's parents

seeing sizable jumps on AI announcements and joining us now is Peter Chikini of Exxonic Capital and Ed Kistold of Ned Davis research.

Good afternoon guys.

And after bumping around sideways to down, the S&P is about back where we started the week.

So since you expect choppyness

for about the next half year,

should investors buy beaten up defenses here?

I think as we get closer to the year end that could be the case.

We probably have a few more weeks of window dressing, of selling for tax loss purposes, so maybe the

momentum trade can work for a little while longer.

But as we move into 2024, you can't get that January effect.

Where last year's losers gain momentum again, but more importantly, we could just get a choppy

market overall.

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