The S&P 500 breaking its six-day losing streak with a broad rally here across the board.

The most important hour of trading starts now.

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

Take a look. stocks are rallying, energy, communication services, and consumer discretionary right now, leading the pack, but every sector is higher right now. And it's all about what's happening in the bond market today. Bond in the US and the UK stabilizing.

After the Bank of England announced this morning,

it would start looking at buying long dated bonds.

We're seeing a big drop in yields across the pond trickling over here into the US as well.

Again, everything is out, everything is doing well.

The Dow, 29 out of 30 stocks up. The only one that's down is Apple on the report of production cuts. We'll talk about that later.

Coming up on the show as well, former Vice Fairitch bed chair, Rich Clarita, on whether the

Federal Reserve is being too aggressive with its interest rate increases, as well as his reaction

of force to the Bank of England's move to help stabilize the slumping British economy and markets

over there.

Plus, Biogen and A-Sai's experimental Alzheimer's drug yielding positive results in a new trial.

A-S Chairman and CEO will join us live here first on CMBC.

But first let's get to today's market dashboard.

Senior Markets commentator Mike Santoli is here with a look at how small caps are fairing. Why small caps?

Well, we'll get to the small caps because it actually is pretty pronounced how inexpensive they look relative to large caps.

But just in terms of today's markets, Sarah, finally the bond and currency market sort of

cleared the way for an oversold stock market to have a half decent balance.

Now at today's highs, a little bit over 3,700 on the S&P,

we're still below the highest earlier in the week.

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