Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

This make-a-break hour begins with the S&P chasing history. The first close above 5,000 very much within reach.

We're going to track every move over this final stretch. ask Trivariants Adam Parker in just a moment,

how high this surging stock market can go. In the meantime, a look at the scorecard with 60 minutes to go in regulation.

We got a lot on the move.

Take a look at this. Nasdak on the cusp of 16,000 again. First time since November of

2021. S&P is going to close above 5,000 today barring something miraculous over this final stretch

because right now it's 25 points over that level.

That's one half of 1%.

Dow's giving some back, the Russell is a big winner today. That's outperforming. It's up one and a half percent.

Well more evidence of the recent broadening in the market after weeks of top heavy trading.

We talk so much about that. How about interest rates? They're mostly

higher too after some revisions to CPI and more suggestions from more fed speakers that rate

cuts might very well come this year just not so soon. It does take us to our talk of the tape. Rally and

risk whether the latter is increasing as the S&P keeps rising and some big name

stocks go parabolic. Let's ask Adam Parker.

He is the founder and CEO of Trivariate Research, a C NBC contributor,

good to see you.

Great to be here, as always.

Do you marvel at this market like just about everybody else?

I think the bulk case we talked about, gross margins can go up for an average company,

you'll think earnings are growing in the middle of this year, next year and so forth, and that

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