All right, Kelly, thanks so much.

Welcome to Closing Bell.

I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

And this make or breakout begins with shaky stocks, which are falling sharply yet again today,

and about to be down for their fifth straight week.

There is the scorecard here with 60 to go in regulation.

We've been read all day long as oil is crept higher.

It's really that simple at this point. I'm not telling you anything you don't know, but it is what it is.

We just were at 100 bucks on WTI, and as we were making our move there, the S&P was making its move

to the lows of the day. It's not helping that the NASDAQ is in correction

territory as well. Now we're going to see over this final stretch if it closes there. It's been

a brutal week, especially for META and Microsoft. The stocks are down sharply again, can't really

get anything going. And if you needed another point of concern, bond yields. So the two year is actually down a

little bit now, but the 10 year has been creeping towards 450 all day long. That's been making

some people nervous too. And we do begin with our talk of the tape, which is unsurprisingly,

this rattled market and what investors should do at a time like this. Let's ask our panel, Dan Greenhouse, chief economist and strategist at Solis. Abby Yoder is J.P. Morgan, private bank, U.S. equity strategist. They're both, as you see here at post-9. Dan, it's good to have you guys back. It is that simple. I mean, you're just not going to get anything going in the stock market as long as crude oil remains elevated and marches higher throughout the day. We're going to come on the air every day at 3 o'clock if crude oil keeps going up and tell you that stocks are down. We've talked about this a couple times the last two weeks. I know there are people who are saying and have said, well, the percentage of stocks below

the 50-day moving average or the RSI or the valuation correction, all of which would be

sufficient to suggest a near term bottom. I get it. A lot of damage has been done certainly below the

headline. I mean, the index is now down, call it 8.5% or so, but hundreds of stocks are down 10 or 20% or more.

The problem is, it's an exogenous factor working on markets right now, and it's obviously the war in the Middle East and, to your point, Scott, oil prices.

And to the extent that there is still that upward pressure on oil prices and uncertainty around whether ground troops are going to land or how long this is

going to go on. And Marco Rubio apparently told other G7 ministers today that it's going to be

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