Welcome to Closing Bell, I'm Mike Santoli in for Scott Wopter.

This make or break hour begins with a new two year low for CPI, supporting a fresh one year high in stocks.

As Bond Yield Sink, the dollar slides, and the possible end of Fed tightening comes into view.

We'll unpack today's market action coming up.

Plus, a first on CBC interview

with Activision CEO Bobby Kodak, his first interview since yesterday's FTC ruling cleared

the way from Microsoft to buy his company.

That is coming up shortly.

But we start with our talk of the tape.

Inflation in retreat, leaving the bulls in charge.

So is the summer rally overheating already or just getting warmed up? Let's ask

A.J. O'D and J.P. Morgan Global Investment Strategist, he joins me here at post- a jay thanks for coming in

thanks for coming in nice for having like good to see you so a lot of things falling

into place right we have this disinflation story we got reinforcement on that front

economic numbers are becoming in better than expected.

The market seems comfortable with maybe one more move from the Fed.

Do you view all this as some kind of a green light to take more risk?

Or how would you be approaching it does the market have this

reaction right? Yeah no that's a great question I think part of it is you know maybe

it's a little too soon to declare victory just yet you know inflation did

come in better than expected it's the lowest since March of 2021.

I think since we've seen more narrow leadership in the S&P performance, we expected

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