Well we got a big hour ahead welcome to closing bell I'm Scott

Wobner live from post nine at the New York Stock Exchange this make-or-break hour

begins with this post-fed bounce for stocks it's a big one and why not even

jay-Pall's hawk talk was enough to derail the rally, at least not yet.

Here's your scorecard with 60 minutes to go in regulation.

Dow, well, it's up 500 points right now.

Was up about 400 for most of the day having a nice little move here as

the final hour of trade begins it's pacing for its seventh up day out of the past eight

S&P 500 trading above 4400 been up five weeks in a row now,

and Nasdak up as well.

Yields falling, Apple trading near its all-time high as well.

It does lead us to our talk of the tape.

The fate of this rally, which 24 hours ago, ago let's be honest it looks a little

dicey for a little bit at least now not so much so what does all of it mean for

where your money goes from here let's ask Liz, so far his head of investment strategy.

Welcome back. It's nice to see you. What's this about? What's this about today?

Now 500 points almost. Heck of a rally. So this is I think maybe something along the lines of do as I do not as I say right the fed told us yesterday we're going to hike two more times the inflation fight is not over we had the terminal rate

expectation move up by 50 basis points with an inflation

expectation that only moved up 30 basis points, which sends the message that it's not

tight enough yet. We haven't tightened it enough yet. We need to make things more

restrictive. The

market in theory should not like that, but what their action said was we're

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