Welcome to Closing Bell. I'm Mike Santoli in for Scott Wopner today.

Stocks are barrowing higher. The index is up by more than 1% across the board the Dow

ahead by 400 points. They are at fresh intraday highs. We've got you covered as we head

toward the close. Scott Lobner is live from the American Express PGA Tour

event in Lachinta, California and he will join us shortly with a big interview that you will not want to miss

billionaire and new fortress energy founder and CEO West Eden's but we begin here this

make or break hour with the most important U.S. Stock Market Index on track for a new all-time high for the first time in more than two years.

The S&P 500 set to join the Nasdaq and Dow Industrial's in record territory, largely on the strength of those familiar and dominant tech giants,

as the average stock continues to lag the mega caps.

Today's move coming as Treasury yields have risen notably for the week, the 10 year up to about 4.15 at this point.

It was under 4% a week ago. This is on a mix of solid retail sales and consumer sentiment data as well as some non-committal

Fed speak across the week.

Which takes us to our talk of the tape.

Is the new S&P 500 record a vote of confidence in the soft landing story or a note of dissonance given

the rallies top heavy leadership and lack of clarity on the interest rate path.

Let's ask Adam Parker, founder and CEO of Treveriate Research, he's also a

C. M. C. Contributor. Adam, I mean, you've been leaning in this direction. It has

actually been a slightly long wait for a break to a new high, that a month ago we got to within 1%.

So we've kind of been chopping around and digesting at least on the big cap level were there.

What message do you take from it? Yeah, I mean I don't know you're in

New York it's snowing and you're you know I have hundreds of dollars in

Scots in California with good weather and so I don't know you know with the billionaires

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