Indeed the Dow and S&P both closing at record highs as we wrap up the best quarter since

2019 that's a scorecard on Wall Street but winter's stay late

welcome to closing down overtime I'm John Fort with Morgan Brennan well the

S&P posting its 22nd record close of the quarter it's not

just stocks that are having a huge quarter either. Oil outperforming the S&P's

gains, Bitcoin returning more than 60%. Coming up, Apollo Global Management's chief

economist Torst and Sloc on what today's GDP report and tomorrow's highly anticipated

inflation data could mean for the Fed's rate cut strategy.

Plus, the CEO of Energy Drink Maker Celsius, the stock has nearly tripled over the last year

on what's driving demand in this red-hot industry.

But now let's get straight to today's action and the quarters action with our first

guest, Rich Weiss of American Century Investments.

Rich, how do we get here to these record levels

as for stocks in the first quarter?

And what do you think it says about where we might go next?

Well, you know, John, it's always hard when we hit new highs, a quarter like we just had record

quarterly growth in the S&B, to come on and be that guy, the cautious guy, I'd like to say the voice of reason, but in this

momentum driven market, right?

It's basically a FOMO market at this point.

Momentum as a stock driver always worrisome, very fickle

stock market driver, unlike valuations or growth or profitability. When

people are buying, investors are buying stocks simply because the stocks are going up at circular reasoning

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