The record rally rolls on as we start March.

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.

Yeah, the S&P 500 and Nasdaq, closing new highs for the second straight day as tech and energy leave the market higher and

Invidia a big part of that tech rally with the chipmaker closing above two trillion dollars in market cap for the very

first time. It's amazing it only took eight months one stock missing out of today's

rally though Z scalar which is under pressure despite an earnings beat coming up the company's CEO

joins us for an exclusive interview but let's get to today's market action with our

first guest as we do see record closes for both the S&P and the NASDAQ composite.

Joining us now is Apollo Global Management, Chief Economist Torsten Sloc.

Torsten, it's great to have you back on the show.

What's amazing is how much Fed speak we got today and in the midst of it

all you put out a note this week has been getting a lot of circulation where

you're basically saying guess what it's going to be higher for longer looking at the inflation data

don't expect the fed to cut rates at all this year why why is that the thesis

it's exactly because what you and jaunt does talk about namely we're at all time highs in the stock market.

Credit spreads on I. G. are very tight. Credit spreads on high yield are very tight.

Loan spreads are very tight. I. G issuance in January was the best January on record.

You also saw high-yield issuance was strong.

You've seen loan issuance been strong.

And you're also beginning to see IPO activity begin to pick up,

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