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

This make a break hour begins with a big rally on Wall Street, another inflation read coming in

cooler than expected and here is your scorecard with 60 minutes to go now in regulation time.

Tech surging today as the year's best performing sector looks to take its next leg higher,

discretionary and communication services leading the broader market

higher today.

A pretty strong day across the board as well, helped in part by the fact that interest rates

have been mostly lowered though, as you can see here in the last 30 minutes or so

have started to creep up just a bit it leads us to our talk to the tape and the

note that grabbed our attention this week Wells Fargo's Chris Harvey urging investors to quote

sell before may and go away calling for a meaningful correction in stocks.

That was of course before a couple of good back-to-back reads on inflation.

Mr. Harvey is here with us on set to explain.

Welcome.

I'm glad we finally corralled you because I saw this note,

we're like, let's get Harvey. Our call our call this is I'm quoting from your note okay

we're within spitting distance of our 4200 S&P target now shifting direction

expect a 10% correction in the next three to six months, a front-end inversion, a 7% year-to-date run in a

banking crisis that will likely take an economic toll triggered our reversal.

And here we are, the market still looks like it wants to go higher

dowels up 400 points what say you what I say is the same thing I said before we're

going to have a correction we're at 4200 or a price target is 4200. That's 20 times a 210 number. That is those are both

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