You're excused. We love you, Ty. We're certainly going to miss you. Not going to be the same without you, my friend. That's Tyler Matheson.

Welcome to closing bell. Hard to follow that. I'm Scott Wobner, live from Post 9, here at the New York Stock Exchange.

This make-a-breakout begins with the rally renewed. An interview on this network turning stocks today, we will discuss that and ask our experts over this final stretch

where the markets might head from here. In the meantime, let's show you the scorecard with 60

minutes to go in regulation. We are sharply higher across the board. And that after Chicago Fed

President Austin Goolsby told our very own Steve Leesman today, more cuts are coming and that

inflation is heading back to 2% big jumps in rate

sensitive small caps today in other areas of the market where you would expect to

see that mega caps are also higher and how about volatility taking a nose dive

today show you the VIX as well big drum a big jump on the Fed share the other day. But there it is. That's what I was

trying to say. It's down 23%. You get my idea. It takes us to our talk of the tape. Is the

rally still okay? Did stocks overreact to the Fed Chair on Wednesday? Let's ask Chris Toomey of

Morgan Stanley Private Wealthy's with us here at Post-Sign. Good to see you. Welcome back.

Happy holidays.

Are we good? I mean, is the rally, it certainly felt like it may be in jeopardy a couple of days ago.

But here, did Austin Goolsby save the day?

Yeah, problem solved, right?

I mean, look, I think, look, this is the last important number for the end of the year. I think typically seasonality comes in, and I think people want to see the market go higher. So this was the catalyst with regards to sending it higher. If you look at kind of positioning, market was way oversold. So I think this was just the thing that the market needed in order

to kind of rally going into the end of the year. Did anything really change this year?

I mean, do we really, do we need to rethink how we're thinking about the Fed? I want to read

you what Tony Pascarello of Goldman Sachs had to say today, because it speaks to that, quote, the expectation of easier money

was incremental fuel for equities, particularly in the higher velocity corners of the market.

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