Mike Santo will take a breath. I guess good news is good news.

The S&P 500 setting new 52 week highs after a late push higher before the weekend.

That is your scorecard on Wall Street, but winners stay late.

Welcome to Closing to Overtime.

I'm John Fort.

Morgan Brennan is off today.

Coming up, the financial sector has significantly

underperformed the market this year,

and KBW says it might be the right time to buy some names on the cheap.

We will get your 2024 Banks Playbook with KBW's head of banking.

Plus, billionaire private equity mogul Robert Smith joins us to talk about the value being created by AI

and how it might even drive a wave of consolidation.

Let's start though with the market as stocks make a push higher to end the week after jobs came in strong and inflation's expectations pulled back fueling hopes of a soft landing.

Joining us now Bob Elliot from Unlimited and Brooke May from Evans May.

Guys, welcome.

Bob, what's your assessment of how the market digested this jobs report with the 10-year higher but the major indices also higher led by

energy and tech. Well I think we're back to the environment of hire for longer

that we saw over the summer and in early 2023 here where the

job market remains relatively strong there's no good reason why the Fed needs to

proactively ease monetary policy in this environment and that is

particularly bad for the bond market because there are still five to six cuts priced in for 2024.

So bad for bonds, good for stocks,

...