That's the end of regulation. Merit Securities ringing the closing bell at the New York Stock Exchange.

SAG Holdings Limited doing the honors at the NASDAQ.

Stocks ending the day around the flat line amid thin trading this shortened holiday week as investors debate the fate of the Santa Claus rally.

Five of 11 S&P sectors ending the day higher with tech leading the way and utilities and energy

lagging. That's the scorecard on Wall Street, but the action is just getting started. Welcome to

closing bell overtime. I'm Leslie Picker alongside Frank Holland. Today, Morgan and John have the day off.

All right, coming out, former Fed Vice Chair for Supervision, Randall, He's going to join us to discuss the disconnect between the Fed and the market as the 10-year.

That yield just keeps moving higher, even though the Fed has been cutting, as we all know.

Plus, top analyst Mark Mahaney breaks down his top picks for the new year. You might be surprised by

one of them. But before all that, let's bring in G-square

private wealth to CIO and CNBC contributor, Vicki Green and Carson Group chief market strategist,

Ryan Dietrich. Happy holidays to both of you. Thank you so much for joining us.

Absolutely. Thank you. All right, Ryan, let's start off with you. You're a big believer in the

Santa Claus rally. According to you, we had that strong day on Christmas Eve up over 1%.

The historical data shows since 1969. That means we're in for a gain during the rally of 3%.

Today was a little bit wobbly, though. In your mind, did you see anything that shook your confidence that we're going to see that Santa Claus rally pull through?

Yeah, Frank, thanks for having me back. And I hope everyone's having nice holidays, and here's a good new year. So, listen, as everyone has talked about,

Santa Claus is here. It's at time. We're up over 1% on Tuesday, and I took a look. Like you said,

we tend to see actually better returns the rest of Santa Claus when you have a good first day.

But getting more specific, kind of like a Jonathan that Krenski just talked about there. Look what happened today. All right, small caps over 1%. I get it. Sometimes

small caps are a dirty word, but we are seeing more participation. We are seeing things

broaden out a little bit. If you ask me, we can look at small, midcap participation. So I like that.

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