That's the end of regulation.

Scouting America, wringing the closing bell at the New York Stock Exchange,

Sporting Goods Maker Escalade doing the honors at the NASDAQ.

Stocks rallying as investors cheer a dovish speech by Fed Chair Jay Powell indicating rate cuts are coming. That's the

scorecard on Wall Street, but the action is just getting started. Welcome to

Closing Bell, I'm Mike Santoli. Morgan Brennan and John Ford are off today.

Every sector in the green today, helping the major averages

closing higher for the second straight wheat,

the S&P 500 up more than 1%.

Coming up, 314 research co-founder Warren Pies on why investors should be

fading recession concerns right now. Plus more insights and strategy CEO

Patrick Morehead on why next week's earnings from Invidia could be the next big catalyst for this market.

Let's get started with our market panel.

Joining us now are Jim Paulson from Paulson

perspectives and Tim Urbannowich from Innovator Capital Management.

Good to have you both.

Jim Paulson, three weeks ago today,

we kicked off a pretty good growth scare

for this market in the economy with that weak jobs number. We've gone

through a lot of kind of stress tests along the way since then with the market

pullback. Full recovery today, you know, are we in the clear on that score in terms of how the recession

how the economy is setting up and how the markets are our pricing it

...