Welcome to Closy Bell, I'm Mike Santoli in for Scott Woffner.

This make or break hour begins with more evidence of a hot consumer economy scorching bond investors,

sending Treasury yields to new 16 year highs and boosting cyclical stocks at the expense of big

tech. The S&P 500 Index made another trip toward a four-week high before again

backing off around midday but the small small cap Russell 2000 is popping for a second day in a row as banks catch a bit as well after reassuring results from Bank of America.

Which takes us to our talk of the tape.

Can good news for the economy remain good news for stocks,

even if it means yields go higher and stay there?

Let's ask Adam Parker, Trivariate Research

founder and CEO and a

cambic contributor and Cheryl Young Rockefeller Family Office,

private wealth advisor. Welcome to you both. Good to have you both here.

So there's the setup Adam. I mean the soft landing scenario you haven't seen much of anything to really disturb that

Market has been trying to make its piece with yields at these levels.

I guess putting on a brave face, you have this rotation away from big tech,

how does it feel to you? I mean my bias is that we can go higher over a few months and

you know the market has been remarkably resilient to

some pretty extreme of politics and global risk. I think most people came in this year under allocated to US equities believing you know

bomb yields look more attractive and they haven't fully participated in this rally

they didn't own a bunch of you know Tesla and video on Jan 3rd and hold it all the way through.

And so I think there could be a pretty big chase.

I don't believe that good news is bad for the market for a sustained period.

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