Welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner. We are live in post nine at the New York Stock Exchange. This make-a-break hour begins with stocks on pace to finish a strong week with a flourish. Several days of retreating bond yields, encouraging economic data, healthy bank earnings and softer inflation readings have revived risk appetites after more than a month of anxious churn.

Here's a look at the scorecard with 60 minutes to go in regulation.

The S&P 500 is trying for its first close above the 6,000 mark.

So far this year, it's right at that level right now.

I think it was December 26th was the last time it closed above.

Unlike yesterday,

when weakness in big tech obscured some underlying strength in the majority of stocks, the mega-cap favorites are doing their part to lift the NASDAQ composite today by about a percent and a half.

The 10-year treasury yield, it's little changed on the day, but down substantially from about 480 to 46 in three

days or so since that softer core CPI report. That takes us to our talk of the tape. Does this

week strong bid in both stocks and bonds have the bowls back in charge and what should Wall Street

expect in the early days of a new administration?

Let's ask 314 research co-founder Warren Pyes.

Warren, great to see you.

Thanks for coming on and finishing the week with us.

Yeah, thank you for having me, Mike.

So, I mean, obviously Goldilocks a bit of an overused term,

but it seems as if there was a pretty decent mix,

the interplay between growth and yields and inflation this week. And I guess we had already had this internal pullback. What's your read on the week's

action? Yeah, I mean, I think it's very constructive. So, you know, I think it really the next

few months is going to be dictated by the data. The Fed action, Fed policy is going to is going to ultimately be responsive to the data. And we got some really important news.

So the CPI came in cold. This is what we were expecting. And you and I talked about this a couple

weeks ago. Shelter disinflation leading the charge. There was also reduced the super core

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