Stocks are rallying as the market looks to close out an ugly week on a high note.

With the NASDAQ up more than 3% right now, the most important hour of trading starts now.

Welcome everyone to Closing Bell, I'm Sarah Eisen.

Here's where we stand right now. There's the NASDAQ of 3.5%. Dow's up more than 300 points. The

high of the session was up 545. It looked like we were going to lose the rally at some point,

but we are climbing. S&P. Up 2 percent.

Every sector is green right now.

Consumer discretionary, getting the most love.

It's been among the hardest hit.

Energy is also right up there.

Jumping 3.4 percent.

Technology, communication services, all stronger today. It is a rebound kind of feel.

With the Russell 2000, an index of small caps up 3% as well. Check out the chart of the day.

Tesla versus Twitter. Tesla shares tanking as Elon Musk puts his bid into question and that is boosting shares of his company Tesla. We'll talk more about those moves later on in the show.

Also coming up, Fed Watcher Jim Grant reacts to Chair Powell's

comments that he cannot guarantee a soft landing as the Federal Reserve tries

to bring down raging inflation. First stop on the market stocks bouncing back for the day, still down for the week. One notable change this week, bonds. They've actually done quite well. Take a look at the bond ETS. The I shares aggregate bond ETSF and the Vanguard Total Bond ETS, both on pays for their

best week since April 2020.

Joining us now.

Double line capitals Jeff Sherman and Bob Dahl from Crossmark Global Investments.

Jeff, why the change in the bond sentiment this week?

And does it continue?

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